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 rate of 4%. The probability distribution of the risky funds is as follows:

stock fund- expected return=23% standard deviation=29%

bond fund- expected return=14% standard deviation=17%

The correlation between the fund returns is 0.12.

What is the Sharpe ratio of the best feasible CAL? (Do not round intermediate calculations. Enter your answers as decimals rounded to 4 places.)

sharpe ratio______