Question 2 a. Using the data in the table below and calculate the following performance measures. i Sharpe ratio ii. Treynor measure 11. Jensen's alpha iv. M-squared measure V. T-squared measure, and vi. Appraisal ratio (information ratio) Average Standard Beta Fund Return Deviation coefficien t A 0.34 0.20 0.70 B 0.22 0.16 0.90 0.27 0.34 1.10 D 0.24 0.27 1.20 0.20 0.351 0.80 F 0.30 0.41 1.10 G 0.26 0.21 0.60 Market 0.24 0.15 1.00 Risk-free return 0.05 0.00 0.00 E 6*3marks = 18 marks b. Out of the performance measures you calculated in part a., which one would you use under each of the following circumstances: 1 i. You want to select one of the funds as your risky portfolio. ii. . You want to select one of the funds to be mixed with the rest of your portfolio, currently composed solely of holdings in the market-index fund. 111. You want to select one of the funds to form an actively managed stock portfolio. Question 2 a. Using the data in the table below and calculate the following performance measures. i Sharpe ratio ii. Treynor measure 11. Jensen's alpha iv. M-squared measure V. T-squared measure, and vi. Appraisal ratio (information ratio) Average Standard Beta Fund Return Deviation coefficien t A 0.34 0.20 0.70 B 0.22 0.16 0.90 0.27 0.34 1.10 D 0.24 0.27 1.20 0.20 0.351 0.80 F 0.30 0.41 1.10 G 0.26 0.21 0.60 Market 0.24 0.15 1.00 Risk-free return 0.05 0.00 0.00 E 6*3marks = 18 marks b. Out of the performance measures you calculated in part a., which one would you use under each of the following circumstances: 1 i. You want to select one of the funds as your risky portfolio. ii. . You want to select one of the funds to be mixed with the rest of your portfolio, currently composed solely of holdings in the market-index fund. 111. You want to select one of the funds to form an actively managed stock portfolio