c. Either one, since they are very similar companies in the same industry d. UPS, because it has a higher Treynor ratio e. FedEx, because it has a higher Treynor ratio 23. The standard deviation of Ulta's monthly stock returns has been around 8.4% over the past 5 years. The S\&P 500 (a good proxy for the market) had a monthly standard deviation of 3.5\%. If the correlation coefficient between the two was 0.4, what is Uita's beta? a. 0.17 b. 0.74 c. 0.55 d. 0.38 e. 0.96 24. Suppose you invest in a portfolio of three assets. Asset A has a beta of 1.25, Asset B has a beta of 0.95 and Asset C has a beta of 1.05. If vou invest 30% of your money in Asset A and