We have the following: Bonds, Stocks, and cash.

The annual return volatilities: For stocks, we have 20%. For bonds, we have 10%.

Risk tolerance: 0.25.

Allocation of John, the investor: For stocks, we have 35%. For bonds, we have 45%.

Correlation of stock and bonds is -0.2.

Question here is: What is the expected returns for bonds and stocks?