Optimal Sharpe Portfolio Value$-$at$-$Risk $($LO$3,$ CFA$6)$ You are constructing a portfolio of two assets, Asset A and Asset B$.$ The expected returns of the assets are $12$ percent and $15$ percent, respectively. The standard deviations of the assets are $29$ percent and $48$ percent, respectively. The correlation between the two assets is $\mathrm{.}25$ and the risk$-$free rate is $5$ percent. What is the optimal Sharpe ratio in a portfolio of the two assets? What is the smallest expected loss for this portfolio over the coming year with a probability of $2\mathrm{.}5$ percent?