Consider the two (excess return) index model regression results for Fund X and Fund Y. The risk-free rate over the period was 6% and the market's average return was 14%. Performance is measured using an index model regression on excess returns:

	Stock A	Stock B
Return	16.6%	14.4%
Beta	1.2	0.8
R-square	.576	.436
Residual standard dev. (e)	10.3%	19.1%
Standard dev. of excess returns	21.6%	24.9%

Calculate the Information Ratio for both funds.

Select one:

a.

Fund X = 0.0971 and Fund Y= 0.1047

b.

Fund X = 0.4907 and Fund Y= 0.3373

c.

Fund X = 0.0883 and Fund Y= 0.1050

d.

Fund X = 0.0463 and Fund Y= 0.0803

e.

Fund X = 1.0291 and Fund Y= 0.4398