Over a certain evaluation period, a mutual fund earns an average return of 8%, while its benchmark earns an average return of 4%. The risk-free rate of return is 2%. If the standard deviation of fund's excess return over the benchmark is 8%, what is the fund's information ratio? Select one: a. 0.25 b. 0.75 c. 0.50 d. 1.00 Which sector is likely to have the lowest average P/E ratio? Select one: a. Software b. Biotech c. Online Retail d. Utility