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A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing
A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing her returns to the return on the MSCI World Market Portfolio, but she is free to hold stocks from various countries in whatever proportions she finds desirable. Results for a given month are contained in the following table: a. Calculate the total value added of all the manager's decisions this period. (Do not round Intermedlate caleulations. Round your answer to 2 decimal places. Negatlve amount should be Indlcated by a minus sign.) b. Calculate the value added (or subtracted) by her country allocation decisions. (Do not round Intermedlete caleuletlons. Round your answer to 2 decimal places. Negatlve amount should be Indlcated by a minus sign.) c. Calculate the value added from her stock selection ability within countries. (Do not round Intermedlete caleulatlons. Round your answer to 2 decimal pleces. Negatlve amount should be Indlcated by a minus slgn.)
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