11.7

a. Did either manager outperform the index, based on the average annual return differential that he or she produced relative to the benchmark Use a minus sgn to enter negative values, if any, Do not round intermediate calculations. Round your answers to two decimal placts. Manager A: Manager B: 's average return is less than the index and 's average exceeded that of the index. b. Calculate the tracking error for each manager relative to the index. Which manager did a better job of limith his or her client's unsystematic risk exposure? Do not round intermediate calculations. Aound your answers to two decimal places. Manager A: \% Manager B: did the better job of limiting the client's exposure to unsystematic risk as the difference between manager's returns and those of the index has a standard deviation. Consider the annual returns produced by two different active equity portfolio managers ( A and a. Did either manager outperform the index, based on the average annual return differentia negative values, if any. Do not round intermediate calculations. Round your answers to th Manager A: Manager B: % % s average return is less than the index and 's average exceeded the he tracking error for each manager relative to the index. Which manager did a b te calculations. Round your answers to two decimal places. Manager A: % Manager B: % did the better job of limiting the client's exposure to unsystematic risk as the standard deviation