Consider the information below on 3 mutual funds: Fund Excess Return above risk-free rate (rp - rf) Beta J 11.8% 1.15 K 11.4% 0.95 14.2% 1.42 During the same time period the return on the market stock index exceeded the risk-free rate by 10.1%. Based on this information, which statement below is Correct? O Without adjusting for risk, mutual fund B had the highest return for the period. However, mutual fund Koutperformed all the other funds on a risk- adjusted basis. After adjusting for risk, mutual fund Joutperformed the market and the other two funds. On a risk-adjusted basis, all of the mutual funds outperformed the market index