Portfolio A has an expected return of 17% and a standard deviation of 27% when the risk free rate is 5%. The market portfolio has an expected return of 15% and a standard deviation of 24%. Based on this data, which of the following conclusions are correct?
I. This situation is inconsistent with the CAPM
II. The Sharpe ratio for Portfolio A = 0.4444
III. The Sharpe ratio for the market portfolio = 0.4167
IV. This situation is consistent with the CAPM
I, II, IV
II, III, IV
I, II, III
II, III