Assume your personal investment manager has optimized a portfolio with 25 securities using Markowitz portfolio theory. 1. Of the three investment performance metrics, (Sharpe, Treynor, Jensen) which one (or ones) measure return relative to unit of total risk? 2. Of the three investment performance metrics, (Sharpe, Treynor, Jensen) which one (or ones) measures return relative to unit of market risk taken by the manager? 3. Assume an annualized portfolio return of 15%, a risk-free rate of return of 4%, a return on the S&P 500 of 12%, and portfolio Beta of 1.5. Estimate Jensen's Alpha