Suppose that over an assessment period, managers portfolio has average return of 10%, standard deviation of 25% and beta of 1.2, the market portfolio has average return of 8%, standard deviation of 20% and beta of 1.0, and the average risk-free rate is 2%. What is the value of M2 measure for managers portfolio? What does this value of M2 mean regarding the performance of managers portfolio relative to the market portfolio? (2 marks) Click and type your answer.