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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 4% 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 4% The average returns, standard deviations, and betas for the three funds are given below, as are the data for the S&P 500 Index Average Standard Return Deviation Beta Fund A 18% 1.6 15% 275 1.3 11% 24% 1.e S&P 500 1ex 22x 1.0 Fund B Fund C The fund with the highest Sharpe measure is Multiple Choice Fund A Fund B Fund

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