Exhibit 25 -Refer to Exhibit 25

question 25

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 Treynor Measure for the CCC fund.

• A) 5.43
• B) 2.74
• C) 2.19
• D) 2.00
• E) 1.65

---

Definitions:

Fiduciary Duty

A legal obligation for one party to act in the best interest of another party, such as a trustee for a beneficiary.

Legislative Requirements

Obligations or conditions laid down by law that must be complied with by individuals or organizations.

Securities Legislation

Laws and regulations governing the issuance, trading, and sale of securities to protect investors and ensure fair markets.

Common Method

A widely used or accepted technique or procedure for achieving a task or solving a problem.