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Peter Lee is a fund manager who invests in large-cap value stocks in the U.S. equity market. One of his clients chooses to evaluate his

Peter Lee is a fund manager who invests in large-cap value stocks in the U.S. equity market. One of his clients chooses to evaluate his performance against a broad U.S. market index. The return of Peter's portfolio is 10%, and that of the broad market index is 12%. The return of a normal portfolio that invests in the large-cap value stocks is 11%. Peter's portfolio has a total active risk of 5% and a misfit active risk of 3%. Calculate the information ratio that most accurately reflects Peter's investment abilities

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