The following data are available relating to the performance of Monarch Stock Fund and the market portfolio: Market Monarch Portfolio 16% 12% 22% Average return Standard deviations of returns Beta Residual standard deviation 26% 1.15 1% 1.00 0% The risk-free return during the sample period was 4%. Calculate Jensen's measure of performance for Monarch Stock Fund. Multiple Choice 1.00% 0 2.80% 0 44.00% 0 50.00%