feasible CAL? Sharpe ratio $?!$

Required information

Section Break $(8-11)$

$[$The following information applies to the questions displayed below.$]$

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:

Stock fund $(S)$

Expected Return

Standard Deviation

Bond fund $(B)$

$16\%$

$32\%$

The correlation between the fund returns is $0\mathrm{.}20.$

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.$)$