" Capdel curent assets- currents Tabution 29. Two common stocks, Consolidated Edison and Apple, have the following expected retum and standard deviation of return over the next year: Expected Rate of Common Stock Retur Consolidated Edison 12% 20 Apple Standard Deviation 6% 15 Additionally, assume that the correlation coefficient of returns on the two securities is +0.50. For a portfolio consisting of 75 percent of the funds invested in Consolidated Edison and the remainder in Apple, determine the: a. Expected rate of return on the portfolio (4 points) b. Standard deviation of the rate of return (4 points) ments i