A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.2%. The probability distributions of the risky funds are:

	Expected Return	Standard Deviation
Stock fund (S)	12%	33%
Bond fund (B)	5%	26%

The correlation between the fund returns is .0308.

What is the reward-to-volatility ratio of the best feasible CAL? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Reward-to-volatility ratio =

s on und manager is cona de ng th ee mutual tu ds The fr s a stock und, the second i& a on torm government and corporate bond fund and tho hrd s a T bill money man ott nd mat yields a suro ato o 4.2%. The probabilty distributions of th money market fund that yields a sure The probability d of the riaky funds are: si y und8 Stock fund (S Bond fund (B) 5% 26% The corelation between the fund returns is.0308. What is the reward-to-volatility ratio of the best feasible CAL? (Do not round intermediate calculations.Round your answer to 4 decimal places.)