Exhibit 25 -Refer to Exhibit 25

question 80

Multiple Choice

Exhibit 25.9
Use the Information Below for the Following Problem(S)
Consider the following information for four portfolios, the market and the risk free rate (RFR) :
$$\begin{array} { l l l l } \text { Partidio } & \text { Return } & \text { Eet. } & \text { ED } \\\hline \text { A1 } & 0.15 & 1.25 & 0.182 \\\text { A2 } & 0.1 & 0.9 & 0.223 \\\text { A3 } & 0.12 & 1.1 & 0.138 \\\text { A4 } & 0.08 & 0.8 & 0.125 \\\text { Market } & 0.11 & 1 & 0.2 \\\text { RFR } & 0.03 & 0 & 0\end{array}$$
-Refer to Exhibit 25.9.Calculate the Treynor Measure for each portfolio.

• A) A1 = 0.0625, A2 = 0.0778, A3 = 0.0818, A4 = 0.096
• B) A1 = 0.096, A2 = 0.0778, A3 = 0.0818, A4 = 0.0625
• C) A1 = 0.096, A2 = 0.0818, A3 = 0.0778, A4 = 0.0625
• D) A1 = 0.0778, A2 = 0.096, A3 = 0.0818, A4 = 0.0625
• E) None of the above

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Definitions:

Rational-Emotive Therapy

A form of cognitive-behavioral therapy developed by Albert Ellis that focuses on identifying and changing irrational beliefs and attitudes.

Sensitivity Training

A form of training designed to help individuals develop empathy and improve interpersonal communication through better understanding of others' feelings and perspectives.

Psychoanalysis

A therapeutic approach and theory of personality developed by Sigmund Freud emphasizing unconscious motivations and conflicts.

Contingency Management

A type of behavioral therapy in which certain behaviors are reinforced by rewards or sometimes punishment to modify behavior.