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Question 30 25 points Save Tolga wants to evaluate three mutual funds using the Sharpe measure for performance evaluation. The risk-free return during the sample

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Question 30 25 points Save Tolga wants 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 Average Return Standard Deviation Beta Fund A18 % 38 * 1.6 Fund B 15 27 46 1.3 Fund C11 % 24 46 1.0 S&P 500 10 22 16 1.0 The fund with the lowest Sharpe measure is S&P 500 Index Fund A Funds A and C (tied for lowest), Funds A and B (tled for lowest). Fund

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