Question: A mutual fund's average return for the year was 9.87% with a standard deviation of 12.05%. The fund's beta was 2.47 and the risk-free rate

A mutual fund's average return for the year was 9.87% with

A mutual fund's average return for the year was 9.87% with a standard deviation of 12.05%. The fund's beta was 2.47 and the risk-free rate was 4.5%. What is the Treynor Index? (Provide your solution as a decimal with four digits of accuracy.)

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