Exhibit 25 -Refer to Exhibit 25

question 38

Multiple Choice

Exhibit 25.2
Use the Information Below for the Following Problem(S)
The portfolios identified below are being considered for investment. Assume that during the period under consideration Rf = .04.
$$\begin{array} { c c c c } \text { Partilio } & \text { Return } & \text { Beta } & \text { σ } \\\hline W & 0.18 & 1.8 & 0.06 \\\mathbf { X } & 0.21 & 0.9 & 0.10 \\\mathbf { Y } & 0.13 & 0.7 & 0.03 \\Z & 0.16 & 1.5 & 0.07\end{array}$$
-Refer to Exhibit 25.2.According to the Treynor Measure,which portfolio performed best?

• A) W
• B) X
• C) Y
• D) Z
• E) Two portfolios are tied

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