Please do parts A and B.

Please show work.

A portfolio manager sumarizes the input from the macro and micro forecasters in the following table Asset Stock A Stock Stock Stock MicroForecast Expoated Return (X 21 1.4 18 2.0 17 1.2 13 1.3 Ressoal Standard Deviation ( 51 62 54 44 Anet Macro forecasts Expected Return (Standard Devision 10 15 Tbills Passive equity portfolio Calculate the following for a portfolio manager who is not allowed to short sell securities. The morgers Sharpe ratio is 0 2394 o. 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.) Cont of restriction b. What is the utility loss to the investor (A = 36) given his new complete portfolio? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Utility Lovels Cases Uncontained Constrained Passivo R 8-18 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 Expected Return (%) Beta 21 1.4 18 2.0 17 1.2 13 1.3 Residual Standard Deviation (%) 51 62 54 44 Standard Deviation Asset Macro Forecasts Expected Return (%) 10 15 T-bills Passive equity portfolio 24 Calculate the following for a portfolio manager who is not allowed to short sell securities. The manager's Sharpe ratio is 0.2394 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 7 the following for a portfolio manager who is not allowed to short sell securities. The manager's She a. What is the cost of the restriction in terms of Sharpe's measure? Do not round Intelections decimals rounded to 4 places.) Cost of restriction b. What is the utility loss to the investor (A -36) given his new complete portfolio? (Do nor round intermedias your answers to 2 decimal places.) Cases Unconstrained Constrained Passive Utility Levels % 1 % % A portfolio manager sumarizes the input from the macro and micro forecasters in the following table Asset Stock A Stock Stock Stock MicroForecast Expoated Return (X 21 1.4 18 2.0 17 1.2 13 1.3 Ressoal Standard Deviation ( 51 62 54 44 Anet Macro forecasts Expected Return (Standard Devision 10 15 Tbills Passive equity portfolio Calculate the following for a portfolio manager who is not allowed to short sell securities. The morgers Sharpe ratio is 0 2394 o. 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.) Cont of restriction b. What is the utility loss to the investor (A = 36) given his new complete portfolio? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Utility Lovels Cases Uncontained Constrained Passivo R 8-18 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 Expected Return (%) Beta 21 1.4 18 2.0 17 1.2 13 1.3 Residual Standard Deviation (%) 51 62 54 44 Standard Deviation Asset Macro Forecasts Expected Return (%) 10 15 T-bills Passive equity portfolio 24 Calculate the following for a portfolio manager who is not allowed to short sell securities. The manager's Sharpe ratio is 0.2394 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 7 the following for a portfolio manager who is not allowed to short sell securities. The manager's She a. What is the cost of the restriction in terms of Sharpe's measure? Do not round Intelections decimals rounded to 4 places.) Cost of restriction b. What is the utility loss to the investor (A -36) given his new complete portfolio? (Do nor round intermedias your answers to 2 decimal places.) Cases Unconstrained Constrained Passive Utility Levels % 1 % %