Exhibit 25 -Refer to Exhibit 25

question 69

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.Based on the Sharpe Measure which portfolio preformed best?

• A) A
• B) B
• C) C
• D) D
• E) Market

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Definitions:

Military Adventurism

Refers to the aggressive or risky military actions by a country without regard for potential consequences, often to promote political or ideological goals.

Covert Operations

Secret activities carried out by governments or organizations usually aimed at influencing conditions in foreign countries without revealing their source.

CIA

Central Intelligence Agency, a civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information.

Standing Army

A permanent, professional army maintained during both war and peace times.