1. the risk-free rate, average returns, standard deviations and betas for four pension funds are given below. Suppose each pension fund is part of a larger and well diversified portfolio. With appropriate evaluating measure, ________ has the best performance?

   Stock	Avg return	Std dev	Beta
   A	6%	10%	0.8
   B	10%	18%	1.2
   C	15%	14%	1.4
   D	17%	15%	1.6
   Risk free	5%

   		Fund A
   		Fund B
   		Fund C
   		Fund D