Chee$$ Chew's portfolio has a beta of $1\mathrm{.}27$ and earned a return of $13\mathrm{.}3\%$ during the year just ended. The$$ risk$-$free rate is currently $3\mathrm{.}5\%.$ The return on the market portfolio during the year just ended was $11\mathrm{.}2\%.$

a$.$Calculate$$ Jensen's measure$($Jensen$\text{'}$s alpha$)$ for$$ Chee's portfolio for the year just ended.

b$.$Compare the performance of$$ Chee's portfolio found in part a to that of Carri$$ Uhl's portfolio, which has a$$ Jensen's measure of negative $0\mathrm{.}19.$ Which portfolio performed$$ better? Explain.

c$.$Use your findings in part a to discuss the performance of$$ Chee's portfolio during the period just ended.