The average returns, standard deviations and betas for three mutual funds are given below along with data for the S&P $500$ index. The risk free return during the sample period is $4\%.$ Mutual Fund $$Average Return $$St$.$ Deviation $$Beta A$8\mathrm{.}2\%35\%0\mathrm{.}9$ B$9\mathrm{.}7\%40\%1\mathrm{.}2$ C$8\mathrm{.}6\%25\%1\mathrm{.}1$ S&P $5007\mathrm{.}9\%20\%1\mathrm{.}0$ You wish to evaluate the three mutual funds using the Treynor measure for performance evaluation. The fund with the highest Treynor measure of performance is $\_\_\_\_\_\_\_\_\_\_.$ Question $11$ options: Fund B Fund A Fund C Impossible to calculate