29. 30. The.......... is calculated by dividing the average portfolio excess return by the portfolio beta. a. CAPM b. Beta c. Jensen ratio d. Sharpe ratio e. Treynor ratio f. None of the above g. All of the above Active portfolio manager will do I. Market timing II. Securities selections Benchmarking III. IV. Sector class selections a. I and II only b. II and III only c. I, III and IV only d. I, II, III, and IV e. None of the above The most important aspect of portfolio performance evaluation are......... & a. Interest rate, Risk b. Liquidity, Risk c. Maturity, Interest rate d. Return, Risk e. Beta, Rik f. None of the above