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 $5\mathrm{.}5\%.$ The probability distributions of the risky funds are:

Expected Return Standard Deviation

Stock fund $($S$)16\%36\%$

Bond fund $($B$)10\%27\%$

The correlation between the fund returns is $0\mathrm{.}10.$

Problem $6-10($Algo$)$

Required:

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