Can the reward-to-volatility (Sharpe) ratio, S [ E ( r C ) r f ]/
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Can the reward-to-volatility (Sharpe) ratio, S [ E ( r C ) r f ]/ C , of any combination of the risky asset and the risk-free asset be different from the ratio for the risky asset taken alone,
[ E ( r P ) r f ]/ P , which in this case is .36?
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