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You are managing a mutual fund which reports an expected return of 1 5 % , a variance of . 0 . 0 7 8

You are managing a mutual fund which reports an expected return of 15%, a variance of.0.0784, and a beta of 1.4. The current T-bill rate is 5% and the S&P500 stock index (as the market index) reports an expected return of 10% and a variance of 0.04. If one of your investors decides to invest 80% of her portfolio in your fund and the rest in a T-bill money market fund, what is the Treynor ratio of your client's portfolio?
A.0.116
B.0.071
C.0.356
D.0.057
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