Use the information for this question and the following two questions $($Q$33-35)$:

Consider the following information for Stocks X$,$ Y$,$ and Z$.$ The returns on the three stocks are positively correlated, but they are not perfectly correlated. $($That is$,$ each of the correlation coefficients is between $0$ and $1.)$

Fund Q has one$-$third of its funds invested in each of the three stocks. The risk$-$free rate is $5\mathrm{.}5\%,$ and the market is in equilibrium.

Stock

Expected Return

Beta

X

$9\mathrm{.}50\%$

$0\mathrm{.}8$

Y

$11\mathrm{.}50\%$

$1\mathrm{.}2$

Z

$13\mathrm{.}50\%$

$1\mathrm{.}6$

What is the sharpe ratio of Fund Q given that the standard deviation of Fund Q is $15\%$