You manage a risky portfolio with an expected rate of return of 10% and a standard deviation of 37%. The T-bill rate is 4%.

Your client chooses to invest 80% of a portfolio in your fund and 20% in an essentially risk-free money market fund. What are the expected return and standard deviation of the rate of return on his portfolio?

Note: Round your answers to 2 decimal places.

Expected Return _____%?

Standard Deviation ______%?