Kelli Blakely is a portfolio manager for the Miranda Fund, a core large-cap equity fund. The benchmark for performance measurement purposes is the S\&P 500. Although the Miranda portfolio generally mirrors the asset class and sector weightings of the S\&P. Blakely is allowed a significant amount of leeway in managing the fund. Blakely was able to produce exceptional returns last year (as outlined in the table below) through her market timing and security selection skills. At the outset of the year, she became extremely concerned that the combination of a weak economy and geopolitical uncertainties 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. The S\&P's allocation between stocks and cash during the period was a constant 97% and 3%, respectively. The risk-free rate of return was 2%. Required: a. What are the Sharpe ratios for the Miranda Fund and the S\&P 500? (Do not round Intermedlate calculations. Negatlve amount should be Indleated by a minus sign. Round your answers to 4 declmal places.) b. What are the M2 measures for Miranda and the S\&P 500? (Do not round Intermedlate calculetlons. Round your onswer to 2 decimal places.) c. What is the Treynor's measure for the Miranda Fund and the S\&P 500? (Do not round Intermedlete caleulatlons. Negatlve amount should be Indleated by a minus sign. Round your answers to 4 declmal places.) d. What is the Jensen measure for the Miranda Fund? (Do not round Intermedlate coleulatlons. Round your answer to 2 declmol places.)