You want to evaluate three mutual funds using the information ratio measure for performance evaluation.The risk-free return during the sample period is 6%, and the average return on the market portfolio is 19%.The average returns, residual standard deviations, and betas for the three funds are given below. 
The fund with the highest information ratio measure is
Definitions:
Market To Book Ratio
A ratio used to compare a company's market value (market capitalization) to its book value, providing insight into how the market values the company's equity.
Book Value Per Share
The financial measure that indicates the per-share value of a company's equity available to shareholders, calculated by dividing net assets by the total number of outstanding shares.
Total Market Value
The aggregate valuation of a company, measured by multiplying its current share price by its total outstanding shares.
Cost Of Goods Sold
Costs directly linked to manufacturing goods that a company sells, comprising expenditures on materials and labor.
Q1: Portfolio A consists of 400 shares of
Q14: You sold one wheat future contract at
Q15: A portfolio manager's ranking within a comparison
Q46: In the infrequent foreign marketing stage of
Q51: A firm has an ROA of 14%,
Q54: Discuss the tax status of the major
Q63: _ are boundaries that investors place on
Q73: In a particular year, Razorback Mutual Fund
Q90: An American-style call option with six months
Q92: Which of the following is one of