A portfolio manager summarizes the input from the macro and micro forecasters in the following table: Asset Stock A Stock B Stock C Stock D Micro Forecasts Residual Expected Standard Return (%) Beta Deviation (%) 21 1.6 52 18 1.8 61 16 0.9 55 13 1.3 46 Macro Forecasts Asset Expected Return (%) T-bills 10 Passive equity portfolio 16 Standard Deviation (%) 0 24 Calculate the following for a portfolio manager who is not allowed to short sell securities. The manager's Sharpe ratio is 0.2762. a. What is the cost of the restriction in terms of Sharpe's measure? (Do not round intermediate calculations. Enter your answer as decimals rounded to 4 places.) Cost of restriction A portfolio manager summarizes the input from the macro and micro forecasters in the following table: Asset Stock A Stock B Stock C Stock D Micro Forecasts Residual Expected Standard Return (%) Beta Deviation (%) 21 1.6 52 18 1.8 61 16 0.9 55 13 1.3 46 Macro Forecasts Asset Expected Return (%) T-bills 10 Passive equity portfolio 16 Standard Deviation (%) 0 24 Calculate the following for a portfolio manager who is not allowed to short sell securities. The manager's Sharpe ratio is 0.2762. a. What is the cost of the restriction in terms of Sharpe's measure? (Do not round intermediate calculations. Enter your answer as decimals rounded to 4 places.) Cost of restriction