You want to evaluate three mutual funds using the information ratio measure for performance evaluation. The average risk-free return during the sample period is 3% p.a., and the average return on the market portfolio is 12% p.a. The average return, beta and residual standard deviation for the three funds are given below. Fund Annual Average Return Beta Residual standard deviation A 16% 0.65 5.20% B 19% 0.85 6.40% 22% 1.10 8.60% The fund with the highest information ratio measure is O a Funds A and C (tied for highest) Ob. Fund A OC Fund C d. Fund B e Funds A and B (tied for highest)