The following data are available relating to the performance of Seminole Fund and the market portfolio: Market Seminole Portfolio Average return 188 148 Standard deviations of returns 308 22 Beta 1.4 1.0 Residual standard deviation 4.01 0.00 18 The risk-free return during the sample period was 6%, If you wanted to evaluate the Seminole Fund using the M2 measure, what percent of the adjusted portfolio would need to be invested in To Bills? Multiple Choice Multiple Choice 27% 36% 8% 50% 36% borrow