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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 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 The average returns, standard deviations, and betas for the three funds are given below, as is the data for the SAP 500 index The fund with the highest Sharpe measure is

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