I would like to know the M^2 measure for Miranda and the S&P 500.

Check my work mode: This shows what is correct or incorrect for the work you have completed so fr It does notn 6 Problem 24-21 Kelli Blakely is a portfolio manager for the Miranda Fund, a core large-cap equity fund. The market proxy and benchmark for performance measurement purposes the points s the S&P 500. Although the Miranda portfolio generally mirrors the asset class and sector weightings of the S8P. Blakely is allowed a significant amount of leeway in managing the fund. However, her stocks found in the S&P 500 and cash. exceptional returns last year (as outlined in the table belowj through her market timing and security selection skills. At uncertaintles would negatively impact the market Taking a bold step, she changed her market allocation For the entire year her asset class exposures averaged 50% in stocks and 50% in cash. Th constant 97% and 3%, respectively. The risk-free rate of return was 2% the outset of the year, she became extremely concemed that the combination of a weak economy and geopolbeal e S&P's allocation between stocks and cash during the period was Miranda Fund Return Standard deviation Beta 10.2% 22.5% 37% 1.10 44% 1-00 a. What are the Sharpe ratios for the Miranda Fund and the S&P 500? (Do not round intermediate celculetions. Negative emount should be indicated by a minus sign. Round your answer to 4 decimal places.) O Answer is complete and correct. Sharpe ratio for the Miranda Fund Sharpe ratio for the S&P 500 0 2216 0 5568) 0ee@@il