Jordan Jones (JJ) and Casey Carter (CC) are portfolio managers at your firm. Each manages a well-diversified portfolio. Your boss has asked for your opinion regarding their performance in the past year. JJs portfolio has a beta of 0.7 and had a return of 8.5%; CCs portfolio has a beta of 1.4 and had a return of 9.5%. Which manager had better performance? Why? (Assumer the risk-free rate is 4% and the market risk premium is 5%). (12 pts)