According to the Treynor meassure. Which of the following portfolios are outperforming the market portfolio? The risk free rate of interest is 5%

Portfolio A: Standard deviation: 20%, Expected return: 14%. The covariance between the portfolio and the market portfolio is 0,045

Portfolio B: Expected return: 25% (according to CAPM)

Portfolio C: Alpha: -1%: Beta: 2

Portfolio D: Expected return: 11%: Beta 0,8

The market portfolio: Standard deviation: 15%, Expected return: 10%,

Select one:

a. Portfolio A

b. Portfolio C

c. Portfolio D

d. The market portfolio

e. Portfolio B