The following data are available for a portfolio and the market for a recent 10-year period Average Annual Return (%) Standard Deviation (%) portfolio 12 32 market 10 18 The risk-free rate is 2%. Calculate the M2. Express your answer in percent to the nearest tenth of a percent. Note that I have provided the percent sign; therefore, DO NOT type in the percent sign. For example, if the answer as a decimal equals 2.5% type in 2.5--not 0.025 and not 2.5%. Blank 1. Fill in the blank, read surrounding text. %

	Average Annual Return (%)	Standard Deviation (%)
portfolio	12	32
market	10	18