The following data are available on the performance of Semin…

The following data are available on the performance of Seminole Fund and the market portfolio:                                                                                 Seminole Fund            Market Portfolio Average Return                                                        16%                                 10% Standard Deviation of Returns                               28%                                 24% Beta                                                                              1.20                                 1.00 Residual Standard Deviation                                      6%                                    0% Assuming that the risk-free return during the sample period was 4%, calculate the M2 measure for the Seminole Fund.

The assumptions concerning the shape of utility functions of…

The assumptions concerning the shape of utility functions of investors differ between conventional utility theory and prospect theory. Conventional theory assumes that utility functions are _________ whereas prospect theory assumes that utility functions are _________. Select one.