Graffiti Corporation is a public company, and Corporation Fund is a relatively well-diversified mutual fund. The following two graphs show regressions for the market's historic realized returns versus historic realized returns on Graffiti Corporation and Corporation Fund. Graph A Graph B HISTORIC REALIZED RETURNS HISTORIC REALIZED RETURNS 1 o 10% 20% HISTORIC REALIZED RETURNS ON THE MARKET (Percent) 10% 20% HISTORIC REALIZED RETURNS ON THE MARKET (Percent -10% O -20% Which of the graphs most accurately represents the relationship between the market historic realized returns and realized returns on Graffiti Corporation? Graph B Graph A. Which of the following measures the average return earned by a portfolio, over and above the risk-free rate of return, divided by the standard deviation of the portfolio's average returns? Treynor's reward-to-volatility ratio Jensen's alpha Sharpe's reward-to-variability ratio The following table reports some of the regression results for Graffiti Corporation and Corporation Fund. Regression Coefficient - Statistic Probability of t- Statistic Lower 95% Confidence Interval Upper 95% Confidence Interval Institution Graffiti Corporation Intercept Slope (beta) -0.02 0.00 1.66 -0.09 9.71 0.93 0.00 0.02 2.01 1.32 Corporation Fund 0.70 0.49 Intercept Slope (beta) 0.00 1. 200 0.00 1.09 0.01 1.32 .00 21.10 Which of the following statements are consistent with the data for Corporation Fund? Check all that apply. The 95% confidence interval is from 1.09 to 1.32. The estimated beta is 1.20. The probability of the intercept's t-statistic is lower than 5%. The CAPM poorly explains the average return of the Corporation Fund