Assume that you can borrow and lend at a risk-less rate of 5% and that the tangency portfolio of risky assets has an expected return of 13% and a standard deviation of return of 16%. Calculate the market price of risk, aka the Sharpe ratio, for this portfolio. Hint this is the slope of the CML for the risky portfolio. 1. -0.60 2. 0.60 3. 0.85 4. 0.50