You are a manager of a risky portfolio p (consists of bonds and stocks) with an expected return E(r_(p))=16% and standard deviation sdev =22%. The risk free rate r_(i)=7% and the standard deviation of the risk free asset is sdev, =0% Your client chooses to invest 40% in your portfolio ( p ) and 60% ( f ) in the risk-free asset. What is the Sharpe ratio of your client's portfolio? Select the closest answer.

0.37 0.35 0.41 0.39