A portfolio manager summarizes the input from the macro and micro forecasters in the following table:

Calculate the following for a portfolio manager who is not allowed to short sell securities$.$ If allowed to short sell securities$,$ the

manager's Sharpe ratio is $0\mathrm{.}3048.$

a$.$ What is the cost of the restriction in terms of Sharpe's measure? $($Do not round intermediate calculations. Enter your answer as

decimals rounded to $4$ places.$)$

Cost of restriction

b$.$ What is the utility loss to the investor $(A=1\mathrm{.}8)$ given his new complete portfolio? $($Do not round intermediate calculations. Round

your answers to $2$ decimal places.$)$