Question 4 (2.5 points) Use the following: Portfolio A's return last year was 6%. It has a standard deviation of 12% and a Beta of 1.2. The risk-free rate is 3%, the return on the market last year was 4% and the market std. dev. is 15%. What is the M2 for Portfolio A? 1) Less than 0% 2) Greater than 0% but less than 1.0% 3) Greater than 1.0% but less than 2.0% 4) Greater than 2.0% Question 5 (2.5 points) Based on the Treynor ratio, which portfolio performed best assuming the risk free rate is 4% and the market risk premium is 6%? DELL