Exhibit 25 -Refer to Exhibit 25

question 47

Multiple Choice

Exhibit 25.12
Use the Information Below for the Following Problem(S)
An analyst is considering investing in funds A, B, C, and D. The market portfolio, M, is expected to be 11% next period and the risk-free rate of return is 3%. The market portfolio had a standard deviation over the past ten years of 0.20. The analyst gathered the following information on the four funds.
$$\begin{array} { c c c c } \text { Atack } & \text { Return } & \text { Eetr } & \text { Б } \\\hline \text { A } & 17 \% & 1.7 & .21 \\B & 20 \% & 2.1 & .25 \\\text { C } & 10 \% & 0.9 & .12 \\D & 15 \% & 1.2 & 16\end{array}$$
-Refer to Exhibit 25.12.Compute the Jensen Measure for the C fund.

• A) 0.16%
• B) 1.80%
• C) 7.20%
• D) 9.00%
• E) 9.13%

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Definitions:

Child Abuse

Physical, sexual, emotional abuse, or neglect of a child by a parent, guardian, or caregiver.

Fugue State

A scarce mental disorder distinguished by reversible forgetfulness pertaining to self-identity, encompassing memories, individual personality, and other features that distinguish an individual.

Personal Identity

The concept of self that is developed over time through experiences, relationships, and internal reflection.

Amnesia

A condition characterized by the loss of memory, usually resulting from brain injury, disease, or psychiatric trauma.