Step 1: Relate 'I' to Mass and Radius:
Moment of Inertia of a ring about an axis passing through the center and perpendicular to the plane is $I_{CM} = MR^2$.
Using the Parallel Axis Theorem, the moment of inertia about an axis through the edge (tangent) and perpendicular to the plane is:
\[ I_{edge} = I_{CM} + MR^2 = MR^2 + MR^2 = 2MR^2 \]
Given $I_{edge} = I$.
So, $I = 2MR^2 \implies MR^2 = \frac{I}{2}$.
Step 2: Calculate Moment of Inertia about Diameter:
Using the Perpendicular Axis Theorem ($I_z = I_x + I_y$), for a ring lying in the x-y plane:
$I_z = I_{CM} = MR^2$.
By symmetry, $I_x = I_y = I_{dia}$.
So, $MR^2 = 2 I_{dia}$.
\[ I_{dia} = \frac{1}{2} MR^2 \]
Step 3: Express in terms of I:
Substitute $MR^2 = I/2$ into the expression for $I_{dia}$:
\[ I_{dia} = \frac{1}{2} \left( \frac{I}{2} \right) = \frac{I}{4} \]