A portfolio manager summarizes the input from the macro and micro forecasters in the following table: Asset Stock A Stock B Stock C Stock D Micro Forecasts Residual Expected Standard Return (%) Beta Deviation (%) 25 1.6 50 22 2.2 58 21 1.4 55 16 1.5 43 Macro Forecasts Expected Return Asset Standard Deviation (%) 0 30 T-bills Passive equity portfolio 12 18 Calculate the following for a portfolio manager who is not allowed to short sell securities. The manager's Sharpe ratio is 0.2476. a. What is the cost of the restriction in terms of Sharpe's measure? (Do not round intermediate calculations. Enter your answer decimals rounded to 4 places.) Cost of restriction A portfolio manager summarizes the input from the macro and micro forecasters in the following table: Asset Stock A Stock B Stock C Stock D Micro Forecasts Residual Expected Standard Return (%) Beta Deviation (%) 25 1.6 50 22 2.2 58 21 1.4 55 16 1.5 43 Macro Forecasts Expected Return Asset Standard Deviation (%) 0 30 T-bills Passive equity portfolio 12 18 Calculate the following for a portfolio manager who is not allowed to short sell securities. The manager's Sharpe ratio is 0.2476. a. What is the cost of the restriction in terms of Sharpe's measure? (Do not round intermediate calculations. Enter your answer decimals rounded to 4 places.) Cost of restriction