Correlation with Energy ETF
Asset	Expected Return	Std. Dev. of Return
Energy ETF	6.8%	21.2%	1.0
Technology ETF	12.4%	37.9%	0.34

Find the expected return and standard deviation for a portfolio that is 70% invested in the energy ETF and 30% in the technology ETF.

Select one:

a. Expected return = 8.5%, standard deviation = 21.5%

b. Expected return = 29.6%, standard deviation = 9.6%

c. Expected return = 21.5%, standard deviation = 8.5%

d. Expected return = 9.6%, standard deviation = 29.6%