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Assume the benchmark is 50% Index and 50% Index 2. The portfolio is 40% Index , 40% Index and 20% Index 3. The performance is

Assume the benchmark is 50% Index and 50% Index 2. The portfolio is 40% Index , 40% Index and 20% Index 3.

The performance is 5% index 1.4% index 2 and portfolio is 5.5% for index 1.3% for index 2.5% for index 3.

What is asset allocation effect?

-0.14%

-0.17%

0.1%

none of the above

please show work

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