The manager of fund A is a very capable trader with an excellent track record in trading. Consider the following two possible outcomes for this manger's investing performance for the coming year: 1. By midyear, he will be under-performing the benchmark. ii. By midyear he will be under-performing the benchmark, but by year-end he will have out- performed it. Which of the following statements is correct? Select one: O a. Outcome (il) is more likely. b. There isn't sufficient information to answer this question. O c. Outcomes (1) and (ii) are equally likely. d. Outcome (1) is more likely