MC Qu. 46 The following data are available relating... The following data are available relating to the performance of Seminole Fund and the market portfolio: Seminole Market Portfolio Average return 18 % 14 % Standard deviations of returns 30 % 22 % Beta 1.4 1.0 Residual standard deviation 4.0 % 0.0 % The risk-free return during the sample period was 6%. Calculate the M2 measure for the Seminole Fund. Multiple Choice 4.0% 20.0% 2.86% 0.8% 40.0%