USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 74

Multiple Choice

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 percent, the standard deviation was 13.1 percent last year, and the risk-free rate of return was 5%.

-Refer to Exhibit 18.7. 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:

Advanced Sleep Phase Syndrome

A circadian rhythm sleep disorder where individuals feel the need to sleep much earlier than the conventional bedtime and wake up earlier.

Elder Sleep Phase Syndrome

A disorder characterized by advanced sleep timing, where individuals feel the need to go to sleep early in the evening and wake up unusually early.

Delayed Sleep Phase Syndrome

This syndrome is a circadian rhythm disorder where an individual's sleep is delayed by two or more hours, causing difficulty in waking up at conventional times.

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, regulating the sleep-wake cycle among other bodily functions.