12 The accompanying table shows a portion of the annual returns in for a mutual fund focusing on investments in Latin America and a mutual fund focusing on investments in Canada from 1994 through 2018 Year Catin America 1994 -23 1999 -17 Canode -12 19 2018 -10 picture Click here for the Excel 3. Which fund had the higher reward over this time period? Latin Amen I since than the man b. Which fund was risker over this time period? Latin Amino since has the phone Citandard deviation Book 0 Herences C-1. Given a risk-free rate of 2%, calculate the Sharpe ratio for each fund? What does this ratio imply. (Round intermediate calc to at least 4 decimal places and final answers to 2 decimal places.) Sharpe ratio for Latin America Sharpe ratio for Canada c-2. Over this time period, the Sharpe ratio implies that the Latin America fund had a higher reward per unit of risk Canada fund had a higher reward per unit of risk Latin America fund had the higher relative dispersion Canada fund had the lower relative dispersion Read only a copy to co Year D Latin America 16.58 30,6 32.56 38.66 55.1 -17.72 -5.73 -21.06 66.09 1 Year 2 1994 3 1995 1996 5 1992 1998 7 1999 2000 2001 10 2002 11 2003 12 2004 13 2005 14 2006 15 2007 16. 2008 17. 2009 18 2010 19 2011 20 2012 21 2013 22 2014 23 2015 24 2016 35 2017 26 2018 27 28 29 30 31 55.42 44.18 43.38 -56.43 91.56 16.12 - 15:76 4.57 -17.38 -16.18 30.24 20.03 30.15 -102 Canada -12.08 19.18 15.2 6239 -14.71 40.66 11.87 -9.98 432 51.88 24.17 27.66 14.56 34.99 142.28 39.64 21.86 -12.17 8.56 10.23 3.42 - 19.75 20.19 14.05 -14.18 G 33 Country