The accompanying table shows a portion of the annual returns (in %) for a mutual fund focusing on investments in Latin America and a mutual fund focusing on investments in Canada from 1994 through 2018. Year 1994 Latin America 1995 -23 -16 Canada -12 19 2018 : : -10 -14 pictureClick here for the Excel Data File a. Which fund had the higher reward over this time period? Latin America since it has the higher mean b. Which fund was riskier over this time period? Latin America since it has the higher standard deviation c-1. Given a risk-free rate of 2%, calculate the Sharpe ratio for each fund? What does this ratio imply. (Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places.) Sharpe ratio for Latin America Sharpe ratio for Canada 0.23 0.34 c-2. Over this time period, the Sharpe ratio implies that the: O Latin America fund had a higher reward per unit of risk. Canada fund had a higher reward per unit of risk. O Latin America fund had the higher relative dispersion. O Canada fund had the lower relative dispersion.