The following data are available relating to the performance of Friedman Stock Fund and the market portfolio:

	Friedman	Market Portfolio
Average return	16%	12%
Standard deviations of returns	26%	22%
Beta	1.15	1.00
Residual standard deviation	1%	0%

The risk-free return during the sample period was 4%. Calculate Treynor's measure of performance for Friedman Stock Fund and the market.

Multiple Choice

• 1.75; 1.00

• 0.10; 0.08

• 0.07; 0.12

• 1.15; 0.12