You want to have a portfolio which will include the stocks of TDA and Philips.

You have gathered the following information about these two companies

Expected Return

Standard Deviation

Philips

19.04%

14.30%

TDA

5.41%

1.00%

Correlation

0.3

You have decided to invest $70,000 in TDA and $30,000 in Philips. What is the expected rate of return and standard deviation of your portfolio?