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1. Copy Table 1 below into a sheet that you name Active Funds. The table contains 5year returns for actively managed mutual funds. Table 2
1. Copy Table 1 below into a sheet that you name Active Funds. The table contains 5year returns for actively managed mutual funds. Table 2 below contains benchmark indexes, each of which corresponds to a Morningstar investment category. Copy Table 2 into an adjacent sheet in your Excel file, and name the sheet Indexes. a) Using Excel's VLOOKUP function, in your Active Funds spreadsheet, calculate the 5year benchmark adjusted return for each of the mutual funds. For each fund, benchmarkadjusted return is calculated as: Benchmarkadjusted return = Individual mutual fund return Return for benchmark index
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