Exhibit 25 -Refer to Exhibit 25

question 34

Multiple Choice

Exhibit 25.11
Use the Information Below for the Following Problem(S)
The last year's performance for four mutual funds is presented below. The market return was 10.70%, last year with a standard deviation of 13.1% and the risk-free rate of return was 5%.
$\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\quad\text { Standard }\\\begin{array}{cccc}\text { Fund } & \text { Beta } & \text { Deviation }(\%) & \text { Retwun }(\%) \\\hline \mathrm{A} & 1.50 & 18.95 & 12.5 \\\mathrm{~B} & 1.20 & 12.41 & 13.0 \\\text { C } & 0.90 & 9.30 & 11.2 \\\mathrm{D} & 050 & 810 & 95\end{array}\end{array}$
-Refer to Exhibit 25.11.Compute the Jensen Measure for the B fund.

• A) 1.16%
• B) 2.31%
• C) 6.90%
• D) 9.60%
• E) 10.13%

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Definitions:

Karen Horney

A German psychoanalyst known for her theories on neurotic personality development and the concept of neurotic needs.

Freud

The founder of psychoanalysis, Sigmund Freud, was an Austrian neurologist who developed this clinical technique for managing psychopathology through discussions between a psychoanalyst and a patient.

Social Tensions

Strains or conflicts within a society resulting from differing views, beliefs, or needs among its members.

Childhood

The period in a human's life from birth to puberty, characterized by growth, development, and learning.