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The risk-free rate, average returns, standard deviations, and betas for Fund A and the S&P 500 (proxy for the market portfolio) are give below: Fund

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The risk-free rate, average returns, standard deviations, and betas for Fund A and the S&P 500 (proxy for the market portfolio) are give below: Fund Avg. Return Std. Dev Beta Fund A 25% 35% 1.3 S&P 500 15% 20% 1.0 Risk-free 5% What is the M2 measure for Fund A? 1.43% 0.93% O 1.93% 0.43%

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