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Use the following data to answer the question regarding the performance of Guardian Stock Fund and the market portfolio. The risk- free return during the

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Use the following data to answer the question regarding the performance of Guardian Stock Fund and the market portfolio. The risk- free return during the sample period was 4%. Average return Standard deviation of returns Beta Residual standard deviation Guardian 15% 278 1.5 49 Market Portfolio 10% 218 1 ON Calculate the information ratio measure of performance for Guardian Stock Fund. (Round your answer to 2 decimal places. Do not round intermediate calculations.)

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