Stephen needs to calculate the Information Ratio for their Growth Mutual Fund,and has the already calculated the following: the Avg Fund ret is 8.462%, the Avg Benchmark ret is 9.580%, the Fund tracking error is 2.422%, and the Risk-free rate is 1.350%. Considering all this information, what is closest to the IR for this fund?

Select one:

a.

-2.47

b.

-1.47

c.

insufficient information to determine

d.

2.94

e.

3.50

f.

1.24

g.

-0.46