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Chee Chew's portfolio has a beta of 1.22 and earned a return of 13.8% during the year just ended. The risk-free rate is currently 4.3%.

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Chee Chew's portfolio has a beta of 1.22 and earned a return of 13.8% during the year just ended. The risk-free rate is currently 4.3%. The return on the market portfolio during the year just ended was 10.9%. a. Calculate Jensen's measure (Jensen'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 -0.18. 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. a. The Jensen's measure (Jensen's alpha) for Chee's portfolio is (Round to two decimal places.)

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