Consider the information below on 3 mutual funds: Fund Fund Return Beta R 14.05% 1.15...

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Consider the information below on 3 mutual funds: Fund Fund Return Beta R 14.05% 1.15 A 13.65% 0.95 M 17.05% 1.42 During the same time period, the return on the market stock index was 12.35% and the risk-free rate was 2.25%. Based on this information, which statement below is Correct? After adjusting for risk, mutual fund R outperformed the other two funds. O Mutual fund A had a negative Alpha. Mutual fund M had the highest alpha for the period before and after adjusting for risk. O On a risk-adjusted basis, all of the mutual funds had a positive Alpha

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