Niki Malone's portfolio earned a return of 11.9% during the year just ended. The portfolio's standard deviation of return was 14.4%. The risk-free rate is currently 5.9%. During the year, the return on the market portfolio was 9.2% and its standard deviation was 10.1%. a.Calculate Sharpe's measure for Niki Malone's portfolio for the year just ended. b.Compare the performance of Niki's portfolio found in part a to that of Hector Smith's portfolio, which has a Sharpe's measure of 0.443. Which portfolio performed better? Why? c.Calculate Sharpe's measure for the market portfolio for the year just ended. d.Use your findings in parts a and c to discuss the performance of Niki's portfolio relative to the market during the year just ended. Question content area bottom Part 1 a.The Sharpe's measure for Niki Malone's portfolio for the year just ended is enter your response here.