Exhibit 25 -Refer to Exhibit 25

question 19

Multiple Choice

Exhibit 25.11
Use the Information Below for the Following Problem(S)
The last year's performance for four mutual funds is presented below. The market return was 10.70%, last year with a standard deviation of 13.1% and the risk-free rate of return was 5%.
$\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\quad\text { Standard }\\\begin{array}{cccc}\text { Fund } & \text { Beta } & \text { Deviation }(\%) & \text { Retwun }(\%) \\\hline \mathrm{A} & 1.50 & 18.95 & 12.5 \\\mathrm{~B} & 1.20 & 12.41 & 13.0 \\\text { C } & 0.90 & 9.30 & 11.2 \\\mathrm{D} & 050 & 810 & 95\end{array}\end{array}$
-Refer to Exhibit 25.11.Compute the Treynor Measure for the C fund.

• A) 0.012
• B) 0.040
• C) 0.069
• D) 0.396
• E) 1.142

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Definitions:

Positive Punishers

Stimuli that, when introduced after a behavior, decrease the likelihood of that behavior occurring in the future.

Generalization

The process of applying the information or conclusions from specific instances to broader contexts or situations.

Shaping

A method in behaviorism used to train or teach new behaviors by rewarding closer approximations of the desired behavior.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.