Question: A mutual fund's average return for the year was 17.32% with a standard deviation of 13.49%. The fund's beta was 2.62 and the risk-free rate

A mutual fund's average return for the year was 17.32% with a standard deviation of 13.49%. The fund's beta was 2.62 and the risk-free rate was 2.46%. What is the Sharpe Ratio? (Provide your solution as a decimal with four digits of accuracy.)

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