QUESTION 22 The following data are available relating to the performance of Friedman Stock Fund and the market portfolio: Friedman Market Portfolio 116% 12% Average return 56% 22% Standard deviations of returns 1.15 11.00 Beta 11% 0% Residual standard deviation The risk-free return during the sample period was 4% Calculate Sharpe's ratio for Friedman Stock Fund 0.36 0.46 0.52 0.55