The average annual excess return of stock ABC over the past 50 years is 9% per year. The standard deviation of the annual excess returns of stock ABC over the past 50 years is 32%. The average annual risk-free rate over the past 50 years is 2% per year. What is the Sharpe ratio of stock ABC based on the past 50 years of data? Round all intermediate calculations to 6 decimal points. Your final answer should be within 0.02 of the correct answer choice. 1) 0.28 2) 0.41 3) 0.33 4) 0.18