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Your fund has had the following returns (in excess of the risk-free rate, and annualized), over the last 12 months: Month 1 2 3

Your fund has had the following returns (in excess of the risk-free rate, and annualized), over the last 12 months: Month 1 2 3 4 5 9 7 8 Fund excess Market return excess return (annualized) (annualized) 9 10 11 12 17.5% 8.0% -19.0% 6.2% 13.3% 9.4% 36.3% 9.2% 14.8% 9.3% -2.5% 12.5% 5.8% 12.7% -1.4% 16.0% 6.5% 9.4% 37.4% 26.6% 9.9% 6.0% -21.6% 0.1% What is the fund's (annualized) Sharpe ratio over the period? (Use a decimal number, do not round)

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