3,11,18 Exhibit 18.8 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM An analyst is considering investing in funds A, B, C, and D. The market portfolio, M, is expected to be 11 percent next period, and the risk-free rate of return is 3 percent. The market portfolio had a standard deviation over the past ten years of o.20. The analyst gathered the following information on the four funds. Stock Beta 1.7 Return 17% 20% 10% 15% 2.1 0.9 1.2 Refer to Exhibit 18.8. Rank the four funds and market portfolio in order from highest to lowest based on their Sharpe measures. O a. D. A, B, M, C O b. D, B, A, CM O c. A, B, C, D, M O d. C, A,MD,B O e. B, C, M, D. A w BAM o e E e ) K 172/2019 DOLL