$2.$ Consider two funds: The Atlantic Fund has a beta of $1\mathrm{.}47$ and a standard deviation of $20\mathrm{.}6\%.$ It has returned $12\mathrm{.}8\%$ during the past year when the return on one$-$year T$-$bills was $3\mathrm{.}2\%.$ The Indian Ocean Fund has a Sharpe Ratio of $\mathrm{.}52.$ Using the Sharpe ratio for your comparison, which fund provides the better return based on risk level?

a$.$ Atlantic Fund, because its Sharpe Ratio of $5\mathrm{.}75$ is higher than the Sharpe Ratio of $0\mathrm{.}52$ for Indian Ocean Fund

b$.$ Atlantic Fund, because its Sharpe Ratio of $0\mathrm{.}47$ is lower than the Sharpe Ratio of $0\mathrm{.}52$ for Indian Ocean Fund

c$.$ Indian Ocean Fund, because its Sharpe Ratio of $0\mathrm{.}52$ is higher than the Sharpe Ratio of $0\mathrm{.}47$ for Atlantic Fund

d$.$ Indian Ocean Fund, because its Sharpe Ratio is lower than the $5\mathrm{.}75$ Sharpe Ratio for Atlantic Fund