Question: Given the following expected returns for a portfolio, Period Return 1 2% 2 4% 3 5% 4 9% what is the Safety-first ratio if the

Given the following expected returns for a portfolio,

Period Return
1 2%
2 4%
3 5%
4 9%

what is the Safety-first ratio if the threshold level is 3%?

Report your answer in decimal form to four decimal places.

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