Consider the following table which provides a comparison ofthe returns for a portfolio and its benchmark. Note: the numbers in red are negative Year Portfolio Return Benchmark Return 0 1 16.21% 14.08% 2 9.74% 11.16% 3 65.98% -37.5?% 4 21.14% 22.45% 5 65.05% 61.84% Required a. Calculate the annualised return ofthe portfolio and the benchmark in percentage terms to 2 decimal places marks) b. Calculate the portfolio alpha in percentage terms to 2 decimal places {1 mark) c. Calculate the tracking error of the portfolio in percentage terms to 2 decimal places marks) d. Calculate the information ratio of the portfolio to 2 decimal places (1 mark) e. Determine, to 2 decimal places, the amount of Carhart alpha for the portfolio in percentage terms if: the risk-free rate is 3.60%, the return of the market is 11.15%, the exposure to the value factor (where the premium is 3.15%) is -0.45 [ie 45%), the exposure to the small cap factor (where the premium is 2.05%} is 0.65 and the exposure to the momentum factor (where the premium is 46%) is -0.02. (1 mark)