Exhibit 25 -Refer to Exhibit 25

question 40

Multiple Choice

Exhibit 25.1
Use the Information Below for the Following Problem(S)
The portfolios identified below are being considered for investment. During the period under consideration Rf = .03.
$$\begin{array} { c c c c } \text { Partfolid } & \text { Return } & \text { Beta } & \text { σ } \\\hline \text { A } & 0.16 & 1 . 0 & 0.15 \\B & 0.22 & 1.5 & 0.10 \\\text { C } & 0.11 & 0.6 & 0.08 \\D & 0.18 & 1.1 & 0.12\end{array}$$
-Refer to Exhibit 25.1.Using the Sharpe Measure,which portfolio performed best?

• A) A
• B) B
• C) C
• D) D
• E) Two portfolios are tied

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Definitions:

Clarence Thomas

An Associate Justice of the Supreme Court of the United States, known for his conservative views and being the second African American to serve on the Court.

Racial Equality

Refers to the principle or aim of ensuring that all races are treated equally and have the same opportunities.

Superficial Representation

The token inclusion of diversity in appearances or numbers without meaningful integration or impact on decision-making or cultural change.

Tokenistic Fallacy

The erroneous belief that minor, superficial efforts to include diversity are sufficient representation and inclusion.