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Required information [ The following information applies to the questions displayed below. ] A pension fund manager is considering three mutual funds. The first is

Required information
[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 5.5%. The probability
distributions of the risky funds are:
The correlation between the fund returns is 0.11.
Required:
What is the Sharpe ratio of the best feasible CAL? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Answer is complete but not entirely correct.
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