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An actively-managed fund generated the following returns on the major components of its portfolio: Bonds: 30% of portfolio; Return = 12% Stocks: 70% of portfolio;
An actively-managed fund generated the following returns on the major components of its portfolio: Bonds: 30% of portfolio; Return = 12% Stocks: 70% of portfolio; Return = 17% The return on the benchmark portfolio was 12%, which was calculated based on the following: Bonds: 60% of portfolio; Return = 10% Stocks: 40% of portfolio; Return = 15% The excess return of the actively-managed portfolio over the benchmark portfolio was
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