* Calculate the Downside standard deviation of returns for the portfolio. Use the average return as the benchmark.

a. 5.63%

b. 7.04%

c. 6.90%

d. 6.63%

e. 9.40%

* Calculate the Sortino ratio.

a. 0.53

b. 0.20

c. 0.15

d. 0.45

. 2.90

USE THE INFORMATION BELOW FOR THE FOLLOWING 2 PROBLEMS Suppose that over the past 5 years, a portfolio manager produced the following returns: Assume that the risk-free rate is 1.5%. USE THE INFORMATION BELOW FOR THE FOLLOWING 2 PROBLEMS Suppose that over the past 5 years, a portfolio manager produced the following returns: Assume that the risk-free rate is 1.5%