The following data are available on the performance of Semin…
The following data are available on the performance of Seminole Fund and the market portfolio: Seminole Fund Market Portfolio Average Return 16% 10% Standard Deviation of Returns 28% 24% Beta 1.20 1.00 Residual Standard Deviation 6% 0% The risk-free return during the sample period was 4%. Assuming that the CAPM is correct, what is the information ratio measure of performance for the Seminole Fund?