Problem 5-19 You manage an equity fund with an expected risk premium of 12% and an expected standard deviation of 14.4%. The rate on Treasury bills is 5.5%. Your client chooses to invest $70,700 of her portfolio in your equity fund and $30,300 in a T-bill money market fund. Required: What is the reward-to-volatility ratio for the equity fund? (Round your answer to 2 decimal places.) Reward to variability ratio