Your portfolio consists of two stocks. Stock X has an expected return of 8% and a standard deviation of returns of 15%. Stock Y has an expected return of 12% and a standard deviation of returns of 20%. The correlation coefficient between the returns on stocks X and Y is 0.4. Stock X comprises 40% of the portfolio, and stock Y comprises 60% of the portfolio.

1. What is the expected return of your portfolio?
2. What is the standard deviation of returns for your portfolio?