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:

Cyclohexanone

A six-membered cyclic ketone, used as a solvent and in the synthesis of nylon and other polymers.

1,2-Halohydrin

A compound containing a halogen and a hydroxyl group on adjacent carbon atoms, typically formed by the halogen addition to alkenes.

Epoxide

An organic compound containing an oxygen atom connected to two adjacent carbon atoms in a cyclic ether structure.

Electrophilic Addition

A type of chemical reaction where an electrophile forms a bond with a nucleophile by adding to a double or triple bond.