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You have the following data: expected annual return on portfolio P: 16.1% annual risk-free rate: 4.4% standard deviation of annual return on portfolio P: 13.7%
You have the following data:
- expected annual return on portfolio P: 16.1%
- annual risk-free rate: 4.4%
- standard deviation of annual return on portfolio P: 13.7%
Calculate the Sharpe ratio for this portfolio.
Express your answer to two decimal places.
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