Return statistics for funds A and B and the market portfolio, M, are given below: \begin{tabular}{|l|l|r|r|r|} \hline & \multicolumn{1}{|c|}{ A } & B & C & D \\ \hline 1 & Risk-free rate & 0.03 & & \\ \hline 2 & & & & \\ \hline 3 & Portfolio & A & B & M \\ \hline 4 & Average return & 13% & 7% & 8% \\ \hline 5 & Standard deviation & 34% & 28% & 18% \\ \hline 6 & Correlation with M & 0.5 & 0.7 & 1 \\ \hline \end{tabular} What is the beta of fund B? Correct Part 2 What is Treynor ratio of fund B