(Sharpe ratio) Compute the Sharpe Ratio for the following portfolios, assuming the risk-free asset is 4%. What is the best portfolio according to Sharpe ratio?

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A B 1 D E Average 234567890 return Portfolio 1 9.50% PORTFOLIO STATISTICS Return standard deviation 13.50% Sharpe Ratio Portfolio 2 6.50% 2.25% Portfolio 3 12.50% 15.00% Portfolio 4 16.00% 22.50% Portfolio 5 7.00% 3.15% Portfolio 6 11.00% 4.80% Portfolio 7 8.50% 8.25% 10 Portfolio 8 6.00% 1.44% 11 Portfolio 9 20.00% 30.00% 12 Portfolio 10 11.50% 34.50% 13 14 Risk-free return 4.00%