The table below gives statistics relating to two stocks.

	Mean Annual Return (%)	Standard Deviation of Return (%)	Skewness	Excess Kurtosis
stock A	11.5	5.5	-0.45	-0.5
stock B	12.0	8.5	0.25	2.5

If we create a portfolio with 70% of investment on stock A and 30% of investment on stock B and the covariance between two stocks is 16 basis points, what is the portfolio return and standard deviation separately?

		11.7% and 0.28%
		11.75% and 5.45%
		11.75% and 7%
		11.7% and 5.29%