10 Consider the following table of monthly returns for a hedge fund and an index portfolio. For the purpose of computation, the hurdle rate is the U.S. T-bill rate, assumed to be 6 percent per year. RETURNS (%) MONTH Hedge Fund INDEX 3.5% 2.4% 4.0% 3.0% January February March - 2.0% -1.6% -2.0% -1.0% April 1.0% 0.2% w 1.0% 1.0% May June What is the arithmetic average rolling returns for the hedge fund if the investor's investment horizon is four months? Select one: O a 0.2089 Ob. 0.01396 O c. 1.2519 d. 3.09796 10 Consider the following table of monthly returns for a hedge fund and an index portfolio. For the purpose of computation, the hurdle rate is the U.S. T-bill rate, assumed to be 6 percent per year. RETURNS (%) MONTH Hedge Fund INDEX 3.5% 2.4% 4.0% 3.0% January February March - 2.0% -1.6% -2.0% -1.0% April 1.0% 0.2% w 1.0% 1.0% May June What is the arithmetic average rolling returns for the hedge fund if the investor's investment horizon is four months? Select one: O a 0.2089 Ob. 0.01396 O c. 1.2519 d. 3.09796