Assume the following information for Morgan stock and Boris stock.

• Average return for Morgan stock = 13%
• Average return for Boris stock = 15%
• Average risk-free rate = 6%
• Standard deviation for Morgan stock = 20%
• Standard deviation for Boris stock = 25%
• Beta of Morgan stock = 1.5
• Beta of Boris stock = 2.5

Morgan stock has a Treynor index of ________, and Boris stock has a Treynor index of ________.

a. 0.04; 0.05

b. 0.05; 0.04

c. 0.35; 0.36

d. 0.03; 0.06

e. None of these choices are correct.