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.

	Average return	Standard deviation	Beta
Fund A	20%	20%	1.1
Fund B	18%	25%	1
Fund C	16%	30%	0.9

The fund with the highest Jensen measure is

	A.	Fund C.
	B.	Funds A and B (tied for highest).
	C.	Funds A and C (tied for highest).
	D.	Fund A.
	E.	Fund B.