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Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset: Portfolio R P P P X 12 % 33 % 1.95

Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset:

Portfolio RP P P
X 12 % 33 % 1.95
Y 11 28 1.25
Z 7.3 18 0.6
Market 11.4 23 1
Risk-free 6.8 0 0

Assume that the tracking error of Portfolio X is 8.8 percent. What is the information ratio for Portfolio X? (Round your answer to 4 decimal place.)

Information ratio

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