The following data are available relating to the performance of Everlasting Equity Fund and the market proxy: Average Return for Everlasting Market -24% Average Return for the market portfolio=15% Standard Deviation for Everlasting -20% Beta for everlasting =0.8 standard deviation for the market = 16% The risk-free return during the sample period was 6%. Correlation between Everlasting return and market return is 0.96 Calculate the M square ratio for Everlasting b. BRIEFLY (not more than 2 sentences) discuss the differences in writing covered and naked calls