Question: ( Summer 2 0 2 4 ) Save & Exit 2 9 8 0 0 . 1 1 : 1 8 You invest $ 1

(Summer 2024)Save & Exit29800.11:18You invest $1,500 of your own money and borrow $4,500 at 0% interest, making the total investment $6,000 with a leverage ratio of 4. Given the tollowing outcontesIf the market performs well: You receive $9.000 and repav the $4.500 loan. leaving vou with $4.500, which is a $3,000 gain If the market performs poorly: You receive $4.800 and repay the $4,500 loan, leaving you with $300, which is a $1,200 lossThe expected value of your final wealth is $2.400, with a net gain of $900.Given this setup, calculate the Sharpe Ratio, defined as the expected return divided by the standard deviation of the return. Choose the closest value

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