3. Suppose you have a portion that moves twice as much as the market but has averaged only 75% of the markets return on average over the past 15 years. The market return has averaged 13% over those years, while the risk-free rate has averaged 2%. Given this, what is the Treynor Ratio of the portfolio? a. 5.00 b. 4.88 c. 3.48 d. 3.88