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

	Sooner		Market Portfolio
Average return	20	%	11	%
Standard reviations of returns	44	%	19	%
Beta	1.8	%	1.0	%
Residual standard deviation	2.0	%	0.0	%

The risk-free return during the sample period was 3%. Calculate the Jensen measure of performance evaluation for Sooner Stock Fund.

Group of answer choices:

2.6%

37.14%

31.43%

4.00%

Please show all steps and work!