You want to evaluate three institutional investment funds using the information ratio measure of performance...

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You want to evaluate three institutional investment funds using the information ratio measure of performance evaluation. The current risk-free rate is 1% and the expected return of the market is 10%. The average return, residual standard deviation, and beta of these three institutional funds are reported below: Beta Return Residual Standard deviation 25% 14% 18% 1.20 0.55 1.30 10% 99% 139 MSF DFA FIF Please identify below the correct combination of the worst parforming fund and the best performing fund based on the Jensen's alpha measure of performance evaluation DFA (worst) and FIF (best) OMSF (worst) and DFA (best) FIF (worst) and DFA (best) Next OMSF (worst) and FIF (best)

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