The following data are available relating to the performance of Long Horn Stock Fund and the market portfolio:

	Long Horn		Market Portfolio
Average return	19	%	12	%
Standard deviations of returns	35	%	15	%
Beta	1.5		1.0
Residual standard deviation	3.0	%	0.0	%

The risk-free return during the sample period was 6%. What is the Sharpe measure of performance evaluation for Long Horn Stock Fund?

Multiple Choice

• 0.04

• 0.3143

• 0.0133

• 0.3714

• 0.0867