Question: One-Year Trailing Returns Miranda Fund S&P 500 Return 10.5 % 20.8 % Standard deviation 36.0 % 41 % Beta 1.30 1.00 For the entire year

One-Year Trailing Returns
	Miranda Fund			S&P 500
Return		10.5	%		20.8	%
Standard deviation		36.0	%		41	%
Beta		1.30			1.00

For the entire year her asset class exposures averaged 50% in stocks and 50% in cash. The S&Ps allocation between stocks and cash during the period was a constant 94% and 6%, respectively. The risk-free rate of return was 3%.

What is the M² measure for Miranda? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Return - 10.5%

Standard Deviation - 36%

Beta -1.3

Sharpe Ratio - .2083

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