Chee Chew's portfolio has a beta of 1.25 and earned a return of 13.1% during the year just ended. The risk-free rate is currently 3.7%. The return on the market portfolio during the year just ended was 11.1%. 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 -0.23. 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.) return exceeds the b. Chee's portfolio, with a JM of V outperformed Carri's portfolio, with a JM of -0.23. A V JM indicates that the return. A return on a portfolio means that it did not earn its return. (Select from the drop-down menus.) c. Use your findings in part a to discuss the performance of Chee's portfolio during the period just ended. (Select the best answer below.) O A. Based on its negative JM, Chee's portfolio has performed better than the market. O B. Based on its negative JM, Chee's portfolio has performed worse than the market. O C. Based on its positive JM, Chee's portfolio has performed better than the market. OD. Based on its positive JM, Chee's portfolio has performed worse than the market