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The expected return on the market is 6%, the standard deviation on the market return is 15%, and the risk-free rate is 3%. You are

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The expected return on the market is 6%, the standard deviation on the market return is 15%, and the risk-free rate is 3%. You are considering an investment in SHR, which has a market beta of 1.48 and a standard deviation of 17%. What is the Sharpe Ratio on SHR? (Round to two decimal points e.g., 0.51)

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