Use the following scenario analysis for stocks X and Y to answer the questions.

	Bear	Normal	Bull
	Market	Market	Market
Probability	25.00%	45.00%	30.00%
Stock X	-40.00%	13.00%	55.00%
Stock Y	-22.00%	8.00%	29.00%

Assume you have a $200,000 portfolio and you invest $80,000 in stock X and the remainder in stock Y. If the riskfree rate of return is 3.75%, and we assume that the standard deviation of the excess returns on the portfolio is 15%, what is the Sharpe Ratio for this portfolio formed from stocks X and Y?

b) What is the expected rate of return for stock Y?

Enter your answer rounded to two decimal places. For example, if your answer is 123.45% or 1.2345 then enter as 1.23 in the answer box.