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10 out of 15 points You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during

image text in transcribed 10 out of 15 points You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $40 million and will be liquidated at the end of March. a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.) [a] b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Round your answer to 2 decimal places.) [b]

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