A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.5%. The probability distributions of the risky funds are:

Expected Return Standard Deviation

Stock fund (S) 15% 35%

Bond fund (B) 6% 29%

The correlation between the fund returns is .0517.

What is the reward-to-volatility ratio of the best feasible CAL? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Reward-to-volatility ratio