Exhibit 25 -Refer to Exhibit 25

question 15

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 Treynor Measure which portfolio preformed best?

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

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Definitions:

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Achieving a desired outcome or reaching a specific target through concerted effort and planning.

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The process of establishing clear, strategic, and achievable objectives and goals for an individual, team, or organization to guide its efforts and resources.