Question: Please include a step by step with a calculator! Thank you. A portfolio earned a rate of return equal to 9.9% last year with a

Please include a step by step with a calculator! Thank you.
A portfolio earned a rate of return equal to 9.9% last year with a standard deviation of 16.0%. Treasury Bills returned 1.4%. Required: a. What is the portfolio's excess return. (Round your answer to 2 decimal places.) b. What is the portfolio's Sharpe Ratio? (Round your answer to 2 decimal places.)
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