Question 4 (20 marks) Use the following information for parts A to C.- Average return rate 18.32% 15.71% 13.86% 8% Peony Equity Fund Maple Equity Fund Cedar Equity Fund S&P 500 Risk-free rate is 2% Beta 1.42 1.32 1.22 ? Standard Deviation 34% 28% 24% 15% }% q % q ?] A. Calculate the Sharpe ratio of Maple Equity Fund. (3 marks) ttt tttttttt B. Calculate the MP of Cedar Equity Fund. (5 marks) le . C. Calculate the Jensen measure of Peony Equity Fund. (4 marks) Use the following information for parts D to E. The following table is the asset allocation of Alpine Equity Fund (Alpine) and its benchmark portfolio, and return rates of different sectors last year. Alpine Weight Return 30% 10% Benchmark Weight= Return 25% 12% Large Cap Stocks Mid Cap Stocks Small Cap Stocks 30% 15% 35% 14% 40% 20% 45% 18% D. Calculate the excess return from asset allocation skill of Alpine's fund manager. (4 marks) tttttt | E. Calculate the excess return from security selection skill of Alpine's fund manager. (4 marks) tt