Given the performance of 3 mutual funds and S&P500 over the past 15 years in table below:

Return and Risk data for 4 equity mutual funds, 15 year period

Mutual Fund	Average Return %	Standard Deviation %	Beta	R 2
1	15.86	12.85	1.10	.34
2	22.09	15.27	1.42	.79
3	18.39	14.82	0.65	.39
S&P 500	16.35	12.44	1.0	1.0

And assuming that current and average of past 15 years risk free rate is 7.96 %, expected market return is 16.35 % and using a market risk premium of 8.39% (16.35 -7.96) for the 15 year period, estimate: a. Sharpe ratios of all 3 funds and S&P 500. Which fund has the highest risk adjusted performance according to Sharpe measure? Which of the above funds have beaten the market? (15 points) b. Treynor of all 3 funds and S&P 500. Which fund has the highest risk adjusted performance according to Treynor measure? Which of the above funds have beaten the market? (15 points) c. Jensens alpha for fund 1?(15 points) d. Which fund is exposed to most nonsystematic risk? (15 points)

Put the answers of a, b, c in the Table by copy/pasting the table below into the answer box:

Mutual Fund	Sharpe	Treynor	Jensen
1
2			No need
3			No Need
S&P 500			No need