Question 4 The following information pertains to six portfolio and a market index:- Beta Portfolio B C D E F Market Index Expected Return (%) 16 15 11 19 22 Standard Deviation (%) 6 7 6 8 9 5 5 0.90 0.85 1.05 1.20 1.15 0.90 1.00 14 15 Risk free rate is 4 percent. Based on the information: a. Evaluate the portfolio performance using the Reward-to-Variability ratio (RVAR). (7 marks) b. Evaluate the portfolio performance using the Reward-to-volatility ratio (RVOL). (7 marks) C. Evaluate the portfolio performance using the Jensen's differential return measure. (7 marks) d. Comment the results obtained in (a), (b) and (C). (4 marks) TOTAL 25 MARKS