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A mutual fund has earned annual returns of 11%, -5% and 33% over the past three years. If the average risk-free rate during that time

A mutual fund has earned annual returns of 11%, -5% and 33% over the past three years. If the average risk-free rate during that time was 2% per year, what was this fund's Sharpe Ratio during that time period?

a) 0.47

b) 0.51

c) 0.53

d) 0.56

e) 0.58

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