Problem 13-20 Jensen's Alpha (LO1, CFA7)

You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is 0.95.

Year	Fund		Market		Risk-Free
2011	23.00	%	43.50	%	3	%
2012	25.10		21.40		5
2013	14.30		15.10		2
2014	6.80		8.80		6
2015	2.34		5.20		2

Calculate Jensens alpha for the fund, as well as its information ratio. (Do not round intermediate calculations. Enter the alpha as a percent rounded to 2 decimal places. Round the ratio to 4 decimal places.)