Exhibit 25 -What Is the Sharpe Measure for the S&P 500 Over

question 76

Multiple Choice

Exhibit 25.5
Use the Information Below for the Following Problem(S)
The data presented below has been collected at this point in time.
$$\begin{array} { l c c c c } \text { Fund } & \text { Beta } & \text { Devintion (\%) } & \text { Return (\%) } & \text { R } _ { ( } ( \% ) \\\hline \text { XOX } & 1.07 & 5.13 & 19 & 6 \\\text { YYY } & 1.02 & 4.28 & 17 & 6 \\\text { ZZZ } & 0.86 & 3.52 & 12 & 6\end{array}$$
-What is the Sharpe measure for the S&P 500 over the last ten years if the standard deviation was 8% and the return was 14%?

• A) 1.55
• B) 1.69
• C) 1.75
• D) 1.99
• E) 2.09

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Definitions:

Market Segmentation

The practice of dividing a broad target market into subsets of consumers who have common needs, interests, and priorities, and then designing and implementing strategies to target them.

Market Aggregation

The practice of treating an entire market as a single entity by offering a single product or service to all customers, ignoring segmentation.

Gantt Chart

A visual project management tool that displays tasks or activities against time.

Marketing Action Memo

A document or communication that outlines specific marketing actions to be undertaken, including goals, strategies, and responsible parties.