Below is the return and risk information of five mutual funds:

Fund	Return	Standard deviation	Beta
A	14	15	1.5
B	12	6	0.5
C	16	8	1
D	10	7	0.5
E	20	20	2

Assume risk-free rate is 3%.

Calculate Sharpe ratio, Treynor index, Jensens alpha and information ratio of these funds.

Fund	Sharpe ratio	Treynor index	Jensens alpha
A
B
C
D
E

1- Interpret the numbers in a.

2- Put the data on CML and SML graphs.

3- Rank the funds based on each risk-adjusted measure in a.

4- Are rankings of all risk-adjusted measures consistent? If not, how do you explain the inconsistency?