You have $ 8,000 to invest. You decide to invest $ 16,000 in Google and short sell $ 8,000 worth of Yahoo! Google's expected return is 12 % with a volatility of 24 % and Yahoo!'s expected return is 14 % with a volatility of 22 %. The stocks have a correlation of 0.86. What is the expected return and volatility of the portfolio?

The expected return is_%? (Round to one decimal place.)

The volatility is _%? (Round to two decimal places)