Please solve them without using EXCEL

19. The average returns, standard deviations, and betas for three funds are given below along with data for the S&P 500 Index. The risk-free return during the sample period is 6% Fund Std Dev 40% 25% 30% 15% Beta 13.6% 13.1% 12.4% | 12.0% S&P 500 You want to evaluate the three mutual funds using the Jensen measure for performance evaluation. The fund with the highest Jensen measure of performance is A. fundA B. fundB C. fund C D. S&P 500 20. In a particular year, Salmon Arm Mutual Fund earned a return of 16% by making the following investments in asset classes Weight Returm Bonds Stocks 20% 80% 12% 1796 The return on a bogey portfolio was 12%, based on the following: Bonds (aggregate bond index) Stocks (S&P500 Index) Weight 60% 40% Return 10% 15% The total excess return on the managed portfolio was__. A. 2% B. 3% C. 4% D. 5%