23. Suppose we regress two mutual funds as follows: RA - RF Prob value 0,2 + 1,5 (RM -RF) + 0,93 (RM -RF)2 + e (0.01) (0.01) (0.23) RB-RF Prob value 0,4 + 1,5 (RM - Rp) + 1,5 (RM - Rp)2 + e (0.21) (0.01) (0.01) a. Which one has better selection ability, A or B? Explain b. Which one has better timing ability, A or B? Explain 24. Calculate Sharpe and Treynor ratio. Which one has better performance? Fund A B Risk free Return 10% 12% 5% Standard deviation 20% 25% Beta 1.5 1.2