You are an advisor reviewing fund managers performance over the last year. Your records indicate that government bonds have returned 6% over the period. You have also obtained the following information:

14. Which fund manager has performed BEST according to its Sharpe ratio?

34. Given the information above, which statement is CORRECT when comparing the fund managers Jensens alpha?

a.

Fund manager W has performed better than fund manager X and fund manager Z has performed better than fund manager Y

b.

Fund manager W has performed better than fund manager X and fund manager Y has performed better than fund manager Z

c.

Fund manager Y has performed better than fund manager W and fund manager Z has performed better than X

d.

Fund manager Y has performed better than fund manager W and fund manager X has performed better than Z

39. The beta for the market portfolio is?