Calculation Problem 2. The table below provides returns on a portfolio along with returns for the corresponding benchmark index for the past eight quarters. The table also provides the difference between portfolio returns and the benchmark index, the average of these differences over the past eight quarters and the standard deviation of these differences. What is the annualized tracking error for this period? All rights reserved Difference 0.023 Period Portfolio 0.05 0.036 Index 0.027 0.046 0.010 0.019 0.003 0.022 0.010 0.022 0.012 0.002 0.001 0.003 0.007 0.03 0.081 0.023 0.008 7 0.089 0.014 0.003 0.011789 0.006 0.008 Average SD 8