Question: Please solve without using Excel... A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a longterm

 Please solve without using Excel... A pension fund manager is considering

Please solve without using Excel...

three mutual funds. The first is a stock fund, the second is

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a longterm bond fund, and thethird is a money market fund that provides a safe return of 7%. The characteristics of the risky funds are as follows: Expected Return Standard Deviation Stock fund {5] 19% 31% Bond fund [3) 14 23 The correlation between the fund returns is 0.10. What is the Sharpe ratio of the best feasible CAL? {Do not round intermediate calculations. Enter your answer as a decimal rounded to 4 placesJ

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