The average return, standard deviation, and beta for Fund A is given below along with...

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Finance

The average return, standard deviation, and beta for Fund A is given below along with data for the S&P 500 Index.

Fund Average Return Standard Deviation Beta
A 25.7% 29% 1.3
S&P 500 17.9% 20% 1
Risk-free 3.8%

Calculate the M2 measure of performance for Fund A.

Use the correct sign if the answer is negative! Example: -1.23

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