3. Susan manages a portfolio with an average return of 11%, standard deviation of 15% and beta of 0.75. The benchmark's average return is 10%, standard deviation of 18% and beta of 0.64. The correlation between the portfolio and the benchmark is 0.3 and the risk free rate is 4%. a. Calculate the Treynor ratio for Susan's portfolio and for the benchmark. Analyze your results. b. Calculate the Information ratio for Susan's portfolio. c. If the correlation between the portfolio and the benchmark equals 0.1 (instead of 0.3), how will the Information ratio change? Calculate and explain