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 .97.

Year	Fund		Market		Risk-Free
2015	22.40	%	42.50	%	3	%
2016	25.10		21.30		5
2017	14.20		14.80		2
2018	6.60		8.80		6
2019	2.28		5.20		3

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.)