Problem #4 (Treynor Measure): Your client, Sally Safety, is concerned about risk and read an article on the Treynor Measure. 1. In 3-5 sentences, explain the Treynor measure and why it is important. 2. Here is a snapshot of your client's portfolio and the S&P 500 index. Calculate the Treynor measure for your client's portfolio. 3. Calculate the Treynor measure for the market portfolio. 4. In 3-5 sentences, analyze your client's risk portfolio Sally's Portfolio return 10% Beta for Sally's portfolio 0.9 Std deviation for Sally's portfolio 10% Risk-free rate 3% Return on the S&P 500 portfolio 8% Std deviation of the S&P 500 portfolio | 12%