A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term bond fund, and the third is a money market fund that provides a safe return of 8%. The characteristics of the risky funds are as follows:

The correlation between the fund returns is 0.15.

What is the Sharpe ratio of the complete portfolio with 30% invested in optimal risky portfolio and 70% invested in risk-free asset?

		0.3020
		0.5345
		0.2282
		0.1722
		0.4231
		None of the above