a fund has an average return of 18%, standard deviation of 30%, and a beta of 1.05 over the performance evaluation period. if the risk-free rate is 5%, what is the fund's treynor measure? a fund has an average return of 18%, standard deviation of 30%, and a beta of 1.05 over the performance evaluation period. if the risk-free rate is 5%, what is the fund's treynor measure? 3.64 12.38 0.43 2.38