Use the data in the table below to answer all parts of the question.

Linx Mgmt. Portfolio Return	Linx Mgmt. Standard Deviation	Risk Free Rate	Borrowing Rate	Market Index Return	Market Index Std. Deviation
10%	22%	3%	5%	8%	20%

You want to evaluate the investment performance of Linx compared to a passive investment with the same risk as Linx.

a.) What is the passive benchmark return based on the risk level of Linx?

b.) Calculate the under or over - performance (- or + % return) of Linx relative to the passive benchmark.