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The mean annual return on the large stock portfolio is 7.61% and its standard deviation is 15.14%. The mean annual return on T-bills if 1.12%.

The mean annual return on the large stock portfolio is 7.61% and its standard deviation is 15.14%. The mean annual return on T-bills if 1.12%. What is the Sharpe ratio for the large stock portfolio? Do not round at intermediate steps in your calculation. Express your answer in decimal form. Round to two decimal places.

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