4 A multi-asset manager invests part of their portfolio in real estate investment trusts (REITs). The following information is provided on the net of fees performance of two REITs and their benchmark index over a 5-year period. The annual risk-free rate of return over this period is 1% per annum. REIT A REIT B Index Annual return (% p.a.) 8.5 9.0 8.2 Standard deviation (% p.a.) 14.0 15.0 14.7 Correlation coefficient with index 0.8 0.9 1.00 Calculate four different risk-adjusted performance measures for the two REITs. [10] (1i) Comment on the uses of the different measures and the limitations of the results from part (i). [5] A new version of REIT B has been launched, which is invested in the same underlying properties and same proportions. The new fund has variable leverage, in the range 1.1 to 1.4 times. (111) Comment on which of the above four measures it would be appropriate to use for performance comparisons of the new fund with REIT A. [3]Describe the advantages of a planned economic system. Describe the different types of price elasticity of demand. abor efficiency in different countries can depend on a number of factors. Describe them. Country Y is compiling the national income figures. Explain the use of such figures. Describe the factors that limit the value of numbers as basis of comparison over long periods of time. There are ceratin limitations of levying heavy direct taxes on consumers. Describe them