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You are creating a portfolio of two stocks.Both stocks have E(r)=8% and standard deviation of 33%. The two stocks' correlation is -0.8.Calculate the Sharpe ratio

You are creating a portfolio of two stocks.Both stocks have E(r)=8% and standard deviation of 33%. The two stocks' correlation is -0.8.Calculate the Sharpe ratio of a portfolio containing each stock in 50%-50% ratio! The risk free rate is 2%. Provide your answer in decimals rounded to two digits.

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