During the year just ended, Anna schultz's portfolio, which has a beta of 0.90, earned a return of 8.6%. The risk- free rate is currently 3.3%, and the return on the market portfolio during the year just ended was 9.2%.

1. Calculate Treynor's measure for Anna's portfolio for the year just ended.
2. Compare the performance of Anna's portfolio found in part a with that of Stacey Quant's portfolio, which has a Treynor's measure of 1.25%. Which portfolio per-formed better? Explain.
3. Calculate Treynor's measure for the market portfolio for the year just ended.
4. 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.