Problem $2$

Consider the following funds and the market portfolio:

The risk$-$free return during the sample period was $5\%.$

Using Sharpe's, Treynor's, and Jensen's measures, rank the results for each of the funds. $5$

points

Did any of the funds out$-$perform the market on the basis of the Sharpe's or Treynor's

measures? Which, if any? $3$ points

Are the rankings consistent? Explain any inconsistency. $2$ points $($Hand written$)$