A risky portfolio with a

22%

standard deviation generated a return of

11.1%

last year when T-bills were paying

4.5%

. The CAL connecting the risky portfolio and the risk free investment has a Sharpe ratio of (keep 2 decimal places)

A risky portfolio with a 22% standard deviation generated a return of 11.1% last year when T-bills were paying 4.5%. The CAL connecting the risky portfolio and the risk free investment has a Sharpe ratio of (keep 2 decimal places)