MC Qu. 27 You want to evaluate three mutual funds... You want to evaluate three mutual funds using the Sharpe measure for performance evaluation. The risk-free return during the sample period is 4%. The average returns, standard deviations, and betas for the three funds are given below, as are the data for the S&P 500 Index. Fund A Fund B Fund C S&P 500 Average Standard Return Deviation Beta 18% 38% 1.6 15% 27% 1.3 11% 24% 1.0 10% 22% 1.0 The fund with the highest Sharpe measure is Multiple Choice Fund A O Fund B. Fund B