The following data are available relating to the performance of Seminole Fund and the market portfolio: 
The risk-free return during the sample period was 6%. If you wanted to evaluate the Seminole Fund using the M2 measure, what percent of the adjusted portfolio would need to be invested in T-Bills
Definitions:
Interest Earn
The income received from lending money or depositing funds in interest-bearing accounts.
Compounded Monthly
This refers to the process of calculating interest on an initial principal, which also includes all of the accumulated interest from previous periods on a loan or deposit, on a monthly basis.
Present Value
The present value of a future amount of money or sequence of cash flows when discounted at a certain rate of return.
Annual Investment
The total sum of money invested in a particular option or portfolio in a year.
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