Exhibit 25 -Refer to Exhibit 25

Exhibit 25.1
Use the Information Below for the Following Problem(S)
The portfolios identified below are being considered for investment. During the period under consideration Rf = .03.
$$\begin{array} { c c c c } \text { Partfolid } & \text { Return } & \text { Beta } & \text { σ } \\\hline \text { A } & 0.16 & 1 . 0 & 0.15 \\B & 0.22 & 1.5 & 0.10 \\\text { C } & 0.11 & 0.6 & 0.08 \\D & 0.18 & 1.1 & 0.12\end{array}$$
-Refer to Exhibit 25.1.Using the Sharpe Measure,which portfolio performed best?

A) A
B) B
C) C
D) D
E) Two portfolios are tied