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Q-23. The following table shows the volatility of a series of funds that belong to the same peer group, ranked in ascending order: Volatility (%)

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Q-23. The following table shows the volatility of a series of funds that belong to the same peer group, ranked in ascending order: Volatility (%) Volatility (%) Fund 1 9.80 Fund 8 14.00 Fund 2 10.22 Fund 9 14.50 10.94 Fund 10 14.87 Fund 3 Fund 4 11.43 Fund 11 15.01 Fund 5 12.35 Fund 12 17.38 Fund 6 13.29 Fund 7 13.40 The value of the 75th percentile is closest to: A. 14.78% B. 14.50%. C. 13.04%

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