Calculate the information ratio for Long Horn Stock Fund.
The following data are available relating to the performance of Long Horn Stock Fund and the market portfolio:
The risk-free return during the sample period was 6%.
A. 1.33
B. 4.00
C. 8.67
D. 31.43
E. 37.14
A. 1.33
P = 19% [6% + 1.5(12% 6%)] = 4.00%, 4.00%/3.00% = 1.33.
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