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1.Discuss what the Fama French Model is, how it is calculated, and why the authors argue those components are important.2.See the exhibit below for the Parnassus Fund (PARNX). The row “Category=: LG” represents the large cap growth universe that serves as the benchmark for the fund.Answer both Part A and Part B.Part A: Given the information in the exhibit, does the fund have more or less systematic risk than the benchmark? Explain your answer.Part B: Given the information in the exhibit, is the fund an attractive or unattractive investment? Explain your answer. .doc file