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

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You want to evaluate three mutual funds using the Sharpe measure for performance evaluation. The risk-free return during the sample period is 6%. The average returns, standard deviations, and betas for the three funds are given below, as are the data for the S&P 500 Index. Fund A Fund B Fund C S&P 500 Average Standard Return Deviation Beta 24% 304 1.5 12% 104 0.5 22% 20% 1.0 18% 16% 1.0 The fund with the highest Sharpe measure is Multiple Choice O Fund A Fund a. o o o o of Fund O Funds A and B (ted for highest). Funds A and Citied for highest)

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