The market portfolio has an expected return of 12.6 percent and a standard deviation of 22.6 percent. The risk-free rate is 5.6 percent.

a.	What is the expected return on a well-diversified portfolio with a standard deviation of 9.6 percent? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return

%

b.	What is the standard deviation of a well-diversified portfolio with an expected return of 20.6 percent? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Standard deviation

%