During the year just ended, Anna Schultz's portfolio, which has a beta of 0.95 earned a return of 8.8%. The risk-free rate is currently 3.1%,and the return on the market portfolio during the year just ended was 8.6%.

a.Calculate Treynor's measure for Anna's portfolio for the year just ended.

b.Compare the performance of Anna's portfolio found in part a to that of Stacey Quant's portfolio, which has a Treynor's measure of 1.35%. Which portfolio performed better? Explain.

c.Calculate Treynor's measure for the market portfolio for the year just ended.

d.Use your findings in parts a and c to discuss the performance of Anna's portfolio relative to the market during the year just ended.