1. The average returns, standard deviations and betas for Fund A and S&P 500 index (benchmark) are given below. The risk-free return during the sample period is 6%.

Fund	Avg. Return	Std. Dev.	Beta
A	12.4%	30%	1.3
S&P 500	12.0%	15%	1.0

Compute Fund As:

Sharpe Measure

Treynor Measure

M² Measure

Jensens Measure