You are interested in creating a levered version of an ETF. The ETF has a Sharpe ratio

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You are interested in creating a levered version of an ETF. The ETF has a Sharpe ratio of 0.80 and an annual return standard deviation of 20%.The risk-free rate is 2%. Assuming you can borrow at the risk-free rate, what would the Sharpe ratio and expected return be for a 3× levered version of the ETF? In other words, for each $1 invested, you plan to purchase $3 worth of the ETF.

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