A portfolio manager summarizes the input from the macro and micro forecasters in the following table Micro Forecasts Expected Return () Beta 1.2 Residual Standard Deviation ( % ) 52 61 Asset Stock iA Stock B Stock C Stock D 25 19 16 12 0.6 47 Macro Forecasts Expected Return Standarod Deviation ( % ) Asset T-bills Passive equity portfolio 18 26 Calculate the following for a portfolio manager who is not allowed to short sell securities 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 A portfolio manager summarizes the input from the macro and micro forecasters in the following table Micro Forecasts Expected Return () Beta 1.2 Residual Standard Deviation ( % ) 52 61 Asset Stock iA Stock B Stock C Stock D 25 19 16 12 0.6 47 Macro Forecasts Expected Return Standarod Deviation ( % ) Asset T-bills Passive equity portfolio 18 26 Calculate the following for a portfolio manager who is not allowed to short sell securities 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