Question: Use the following data to answer the question regarding the performance of Guardian Stock Fund and the market portfolio. The risk-free return during the sample

Use the following data to answer the question regarding the performance of Guardian Stock Fund and the market portfolio. The risk-free return during the sample period was 4%.

Guardian Market Portfolio
Average return 15 % 10 %
Standard deviation of returns 27 % 21 %
Beta 1.5 1
Residual standard deviation 4 % 0 %

Calculate the information ratio measure of performance for Guardian Stock Fund. (Round your answer to 2 decimal places. Do not round intermediate calculations.)

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