For each fund, compute your way to the answers please: Sharpe ratio, Jensen's alpha, M2 measure. The riskless rate is 7%. The standard deviation of the market portfolio is 11%. The market risk premium is 6%.

(a) Fund A: mean return 16%, sigma 15%, beta 1.25.

(b) Fund B: mean return 12%, sigma 18%, beta 0.10.

(c) Fund C: mean return 10%, sigma 14%, beta 0.75.