Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y. Both stocks have an expected return of 15%, a beta of 1.6, and a standard deviation of 30%. The returns of the two stocks are independent, so the correlation coefficient between them, _xy, is zero. Which of the following statements best describes the characteristics of your portfolio?

A. Your portfolio has a standard deviation of 30% and its expected return is 15%.

B. Your portfolio has a standard deviation less than 30% and a beta greater than 1.6.

C. Your portfolio has a standard deviation greater than 30% and its expected return is 15%.

D. Your portfolio has a beta equal to 1.6 and its expected return is 15%.

E. Your portfolio has a beta greater than 1.6 and an expected return greater than 15%.