Expected Return	Volatility
Fund A	7%	3%
Fund B	10%	8%
Fund C	7%	2%

Assume the risk-free rate is 4%. You are a financial advisor, and must choose one of the funds below to recommend to each of your clients. Whichever fund you recommend, your clients will then combine it with risk-free borrowing and lending depending on their desired level of risk. (Click on the following icon in order to copy its contents into a spreadsheet.) Volatility 3% Fund A Fund B Fund C Expected Return 7% 10% 7% 8% 2% Which fund would you recommend (without knowing your client's risk preferences)? The fund you should recommend to each of your clients is Fund (Select from the drop-down menu.)