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Over the next year, the stock market will either be a bull market or a bear market. The probability of a bull market is

Over the next year, the stock market will either be a bull market or a bear market. The probability of a bull market is 70.00%, while the probability of a bear market is 30.00%. Shares in Meguire and Company will have a return of 19.80% in a bull market, and -11.30% in a bear market. The risk-free rate is 1.70%. What is the Sharpe Ratio of Meguire and Company shares?

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