A portfolio manager summarizes the input from the macro and micro forecasters in the following table:

Calculate the following for a portfolio manager who is not allowed to short sell securities$.$ If allowed to short sell securities$,$ the

manager's Sharpe ratio is $0\mathrm{.}3048.$ THE COST OF RESTRICTION IS $0\mathrm{.}0109$

b$.$ What is the utility loss to the investor $(A=1\mathrm{.}8)$ given his new complete portfolio? $($Do not round intermediate calculations. Round

your answers to $2$ decimal places.$)$

CASES: $,$ UTILITY LEVELS:

Unconstrained: $\_\_\_\%,$

Constrained: $\_\_\_\%,$

Passive: $\_\_\_\%.$