Time Consider the following table of monthly returns for a hedge fund and an index portfolio. For the purpose of computation, the hurdle rate is the U.S. T-bill rate, assumed to be 6 percent per year. RETURNS (%) MONTH Hedge Fund INDEX 2.4% 3.5% 3.0% 4.0% -1.6% January February March 2.0% -1.0% -2.0% 0.2% 1.0% 1.0% April 1.0% May June What is the annualized sample downside deviation for the index? Select one: a. 1.4296 O b. 8.9396 O c. 4.0296