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Below is the data on the performance of Norton Fund and the market portfolio Norton Fund Market Avg Return 16% 12% Std. Dev. of Return

Below is the data on the performance of Norton Fund and the market portfolio

Norton Fund Market
Avg Return 16% 12%
Std. Dev. of Return 26% 22%
Beta 1.15 1.0
Std. Dev. of Residuals 1.0% 0.0%

The risk-free rate during this period is 4%. What is the Information Ratio for the Norton Fund, rounded to the second decimal place?

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