1. NIO company stock return has a total standard deviation of 11% per annum and a systematic risk of 7% per annum. It has historically earned 10% per year and the risk-free rate is forecasted to be 2% per year for the foreseeable future. NIO, over the same period of time, has also had a correlation of 0.7 with the broad market which itself has had an annual standard deviation of 11%. What is the appropriate Sharpe measure for NIO?