Question 1 1 pts When a pension fund is large and well diversified and it has many managers, which of the following is better for evaluating this pension fund? Sharpe ratio M2 measure risk premium Treynor measure Question 2 1 pts Suppose stocks A and B have the same beta and the same positive alpha, Stock. A has higher standard deviation than stock B. You should want in your active portfolio more of stock B than stock A equal proportions of stocks A and B The answer cannot be determined from the information given more of stock A than stock B Question 3 1 pts Suppose that over the same time period two portfolios have the same average return and the same standard deviation of return, but portfolio A has a higher beta than portfolio B. According to the Treynor measure, the performance of portfolio A is poorer than the performance of portfolio B is better than the performance of portfolio B is the same as the performance of port cannot be measured since there is no data on the alpha of the portfolio