Exhibit 25 -Refer to Exhibit 25

question 90

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) : $$\begin{array} { l c l l } \text { Portfolio } & \text { Return } & \text { Beta } & { \text { SD } } \\\hline \text { A1 } & 0.15 & 1.25 & 0.182 \\\text { A2 } & 0.1 & 0.9 & 0.223 \\\text { A3 } & 0.12 & 1.1 & 0.138 \\\text { A4 } & 0.08 & 0.8 & 0.125 \\\text { Market } & 0.11 & 1 & 0.2 \\\text { RFR } & 0.03 & 0 & 0\end{array}$$
-Refer to Exhibit 25.9. Calculate the Jensen alpha Measure for each portfolio.

• A)A1 = 0.014, A2 = -0.002, A3 = 0.002, A4 = -0.02
• B)A1 = 0.002, A2 = -0.02, A3 = 0.002, A4 = -0.014
• C)A1 = 0.02, A2 = -0.002, A3 = 0.002, A4 = -0.014
• D)A1 = 0.02, A2 = -0.002, A3 = 0.02, A4 = -0.14
• E)None of the above

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A public persona characterized by rebellious, unconventional, or non-conformist behaviors and attitudes, often seen as appealing to certain demographics.

Practical

Focused on what is actually effective or achievable; concerned with the actual doing or use of something rather than with theory and ideas.

Shopping Trips

Organized or spontaneous visits to retail outlets for the purpose of purchasing goods.

Role Identities

The aspects of an individual's identity that are derived from their roles in society, such as their job or parental status.