Required:

You manage an equity fund with an expected risk premium of $10\mathrm{.}6\%$ and a standard deviation of

$20\%.$ The rate on Treasury bills is $6\%.$ Your client chooses to invest $$50,000$ of her portfolio in your

equity fund and $$50,000$ in a T$-$bill money market fund. What is the reward$-$to$-$volatility $($Sharpe$)$

ratio for the equity fund? $($Round your answer to $4$ decimal places.$)$

Answer is complete but not entirely correct.