Chee Chew's portfolio has a beta of 1.27 and earned a return of 13.6% 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 - 0.15. 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.) b. Chee's portfolio, with a JM ofoutperformed Carri's portfolio, with a JM of - 0.15. A V JM indicates that the return exceeds the return. A Vreturn on a portfolio means that it did not earn its Vreturn. (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 worse than the market. O B. Based on its positive JM, Chee's portfolio has performed better than the market. O C. Based on its negative JM, Chee's portfolio has performed better than the market. 0 D. Based on its positive JM, Chee's portfolio has performed worse than the market