a) Consider the following information regarding the performance of a portfolio manager in a recent quarter. Manager's Manager's Market Market Stocks Bonds Marketable securities Return 2% 1% 0.5% Weight 0.70 0.20 0.10 weight 0.60 0.30 0.10 Return 2.5% 1.2% 05% Required: Evaluate the performance (underperformance or overperformance) compared to benchmark (market). Identify the contributions of security selection and asset allocation to relative performance? (8 marks) Page 3 of6