please answer all parts correctly

A portfolio manager summarizes the input from the macro and micro forecasters in the following table: Annet Stock A Stock B Stock C Stock D Micro Forecasts Expected Return (8) Bota Deviation () 1.2 1.6 0.5 1.0 4995 Cost of restriction 25 19 16 13 Asset T-bills Passive equity portfolio Residual Standard 56 70 61 53 Macro Forecasts Expected Return (3) 7 15 Standard Deviation (8) 0 21 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 0.4194. 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.) 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 0.4194. 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=2.7) given his new complete portfollo? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Cases Unconstrained Constrained Passive Utility Levels % % % A portfolio manager summarizes the input from the macro and micro forecasters in the following table: Annet Stock A Stock B Stock C Stock D Micro Forecasts Expected Return (8) Bota Deviation () 1.2 1.6 0.5 1.0 4995 Cost of restriction 25 19 16 13 Asset T-bills Passive equity portfolio Residual Standard 56 70 61 53 Macro Forecasts Expected Return (3) 7 15 Standard Deviation (8) 0 21 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 0.4194. 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.) 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 0.4194. 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=2.7) given his new complete portfollo? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Cases Unconstrained Constrained Passive Utility Levels % % %