The rate of return and risk for three growth-oriented mutual funds were calculated over the most recent 5 years and are listed below; RISK MEASURES RETURN (STD. DEV.) GROWTH FUND Jay (J) Pack (P) Morgan (M) S&P 500 15% 13 10 11.5 16% 18 12 13 BETA 1.15 1.20 90 Assume the risk-free rate is 5% Calculate the Sharpe measure for each of the funds. SHOW WORK. Then, rank the performance of the funds and indicate which of the funds under-performed or out-performed the market over this period of time Next, calculate the Treynor measure for each of the above funds. SHOW WORK. Then, re-rank the three funds and indicate which of the funds under-performed or out-performed the market over this period of time Did your performance evaluation for the three funds above differ based on your calculations in parts #1 and #2 above? Explain in a paragraph or two the reason for any discrepancies which you noticed