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The average returns, standard deviations and betas for three funds are given below along with data for the S&P 500 index. The risk-free return during the sample period is 6%. You wish to evaluate the three mutual funds using the Jensen measure for performance evaluation. The fund with the highest Jensen measure of performance is ________.
Social-Responsibility Norm
A societal rule that tells people they should help others who need assistance even if doing so is costly.
Subway Tracks
The rails upon which subway trains run, typically located underground in urban areas to provide mass transportation.
Social-Responsibility Norm
is a societal rule that people should help those who need assistance, based on the expectation that helping others is the right thing to do.
Altruism
The selfless concern for the well-being of others, often leading to acts of kindness without the expectation of reward.
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