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You are considering investing in three mutual funds. The first is a stock fund, the second is a long-term bond fun, and the third is

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You are considering investing in three mutual funds. The first is a stock fund, the second is a long-term bond fun, and the third is a money market fund that provides a safe return of 3%. The characteristics of the risky funds are as follows: The correlation between the fund returns is -.20 . What is the Sharpe ratio of the best feasible CAL? (Do not round intermediate calculations. Enter your final answer rounded to two decimal places i.e. 0.82)

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