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2. Consider the following information regarding the performance of a money manager in a recent month. The table presents the actual return of each sector

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2. Consider the following information regarding the performance of a money manager in a recent month. The table presents the actual return of each sector of the manager's portfolio in column (1), the fraction of the portfolio allocated to each sector in column (2), the benchmark sector allocations in column (3), and the returns of sector indexes in column (4). (3) Actual Return Actual Weight Benchmark Weight Index Return Equity 2.2% 0.75 0.60 2.0% Bonds 0.8% 0.15 0.25 1.0% Cash 0.4% 0.10 0.15 0.5% (i) What was the manager's return in the month? What was her over or underper- formance (ie, total value added)? (ii) What was the contribution of security selection to relative performance? (iii) What was the contribution of asset allocation to relative performance

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