Suppose Johnson \& Johnson and Walgreen Boots Alliance have expected returns and volatilities shown here, with a correlation of 22%. Calculate (a) the expected return and (b) the volatility (standard deviation) of a portfolio that is equally invested in Johnson \& Johnson's and Walgreens' stock. 1. Calculate the expected return. The expected return is 8.5%. (Round to two decimal place.) . Calculate the volatility (standard deviation). The volatility is \%. (Round to two decimal place.) \begin{tabular}{lcc} & Expected Return & Standard Deviation \\ \hline Johnson \& Johnson & 7.0% & 16.0% \\ Walgreens Boots Alliance & 10.0% & 20.0% \\ \hline \end{tabular}