1. (20) The following table provides the relevant information for a mutual fund over four quarters. 1st 2nd 3rd Quarter Quarter Quarter ? 4th Quarter ? 1 ? Assets under management at the start of a quarter ($ million) Holding-period return (%) 20 15 -5 10 Total assets before net inflows ? ? ? ? Net inflows ($ million) 0.2 -0.2 0.3 Assets under management at end of quarter ? ? ? ? (1) (6) Fill in the missing cells (marked as 2) using existing information. (2) (7) Using the holding period returns, compute the arithmetic average returns for the mutual funds over the four quarters. | 3 (3) (7) Using the holding period return, compute the geometric average returns for the mutual fund over the four quarters. 0.1 1. (20) The following table provides the relevant information for a mutual fund over four quarters. 1st 2nd 3rd Quarter Quarter Quarter ? 4th Quarter ? 1 ? Assets under management at the start of a quarter ($ million) Holding-period return (%) 20 15 -5 10 Total assets before net inflows ? ? ? ? Net inflows ($ million) 0.2 -0.2 0.3 Assets under management at end of quarter ? ? ? ? (1) (6) Fill in the missing cells (marked as 2) using existing information. (2) (7) Using the holding period returns, compute the arithmetic average returns for the mutual funds over the four quarters. | 3 (3) (7) Using the holding period return, compute the geometric average returns for the mutual fund over the four quarters. 0.1