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From the following data, choose the manager with the most impressive skill as represented by the information ratio. The annual market return over this period

From the following data, choose the manager with the most impressive skill as represented by the information ratio. The annual market return over this period was 10% and the risk-free rate was 4%.

Fund AFund BFund C

Annual Return 12%15% 9%

Residual Standard Deviation15%18% 11%

Beta 1.11.5 1.25

Excess Return 2%5%-1%

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