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You want to evaluate three mutual funds using the Jensen measure for performance evaluation. The risk-free return during the sample period is 6%, and the

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You want to evaluate three mutual funds using the Jensen measure for performance evaluation. The risk-free return during the sample period is 6%, and the average return on the market portfolio is 18%. The average returns, standard deviations, and betas for the three funds are given below. Residual Average Standard Return Deviation Beta Fund A 17.6% 10% 1.2 Fund B 17.5% 20% 1.0 Fund C 17.4% 30% 0.8 The fund with the highest Jensen measure is

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