Question 3 The following information pertains to six portfolio and a market index:- Portfolio Beta ABC DEF GHI JKL MNO POR Market Index Expected Return (%) 17 16 12 20 23 15 16 Standard Deviation (%) 6 7 6 8 0.90 0.85 1.05 1.20 1.15 0.90 1.00 9 5 5 Risk free rate is 4 percent. Based on the information, a. Evaluate the portfolio performance using the Reward-to-Variability ratio (RVAR). d. Comment the results obtained in (a)