Exhibit 25 -Refer to Exhibit 25

question 77

Multiple Choice

Exhibit 25.4
Use the Information Below for the Following Problem(S)
The data presented below has been collected at this point in time.
$$\begin{array} { l l c c c } \text { Fund } & \text { Beta } & \text { Deviation(4) } & \text { Return(4) } & \text { Re (46) } \\\hline \text { AAA } & 1.05 & 4.98 & 16 & 6 \\\mathrm { BBB } & 1.00 & 4.04 & 15 & 6 \\\text { CCC } & 0.92 & 3.13 & 11 & 6 \\\text { Market } & 1.00 & 375 & 13 & 6\end{array}$$
-Refer to Exhibit 25.4.Compute the Jensen Measure for the BBB fund.

• A) 2.10
• B) 2.74
• C) 5.43
• D) 2.00
• E) 1.65

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Definitions:

Pacing

The skill of adjusting one's speed or level of effort to match the situation or the behaviors of others.

Wage Gap

The disparity or difference in the earnings of individuals, often discussed in the context of the gender wage gap, where there is a noticeable pay difference between men and women.

Telecommuting

A work arrangement in which employees do not commute to a central place of work but instead work remotely, often from home, using the internet and telecommunications technology.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, involving the purchase, sale, and development of land, residential, and commercial properties.