Exhibit 25 -Refer to Exhibit 25

question 80

Multiple Choice

Exhibit 25.9
Use the Information Below for the Following Problem(S)
Consider the following information for four portfolios, the market and the risk free rate (RFR) :
$$\begin{array} { l l l l } \text { Partidio } & \text { Return } & \text { Eet. } & \text { ED } \\\hline \text { A1 } & 0.15 & 1.25 & 0.182 \\\text { A2 } & 0.1 & 0.9 & 0.223 \\\text { A3 } & 0.12 & 1.1 & 0.138 \\\text { A4 } & 0.08 & 0.8 & 0.125 \\\text { Market } & 0.11 & 1 & 0.2 \\\text { RFR } & 0.03 & 0 & 0\end{array}$$
-Refer to Exhibit 25.9.Calculate the Treynor Measure for each portfolio.

• A) A1 = 0.0625, A2 = 0.0778, A3 = 0.0818, A4 = 0.096
• B) A1 = 0.096, A2 = 0.0778, A3 = 0.0818, A4 = 0.0625
• C) A1 = 0.096, A2 = 0.0818, A3 = 0.0778, A4 = 0.0625
• D) A1 = 0.0778, A2 = 0.096, A3 = 0.0818, A4 = 0.0625
• E) None of the above

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Definitions:

Cognitive-behavioral Therapy

A type of psychological treatment that helps individuals understand the thoughts and feelings that influence behaviors.

Systematic Desensitization

A method in behavioral therapy used to reduce phobic or anxiety responses, involving gradual exposure to the feared object or situation.

Psychodynamic Therapy

A form of depth psychology, the primary focus of which is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.

Self-blame

The act of attributing personal failures or mishaps to one's own decisions or characteristics.