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Save 25 points Krissey wishes to embark on an evaluation of three mutual funds using the Sharpe measure for performance evaluation. The risk-free return during

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Save 25 points Krissey wishes to embark on an evaluation of three mutual funds using the Sharpe measure for performance evaluation. The risk-free return during the sample period is 5%. 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 Residual Standard Deviation Beta Fund TEK 23 30 13 Rund OEK 20 * 19 1.2 Fund EEK 19 17 1.1 S&P 500 18 15 10 The Investment with the highest Sharpe measure is Fund OEK Funds TEK and EEK (thed for highest). Fund EEK the index. Fund TEK

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