Calculate the simple average weighted return per fund on the initial allocation within the portfolio and comment as to why the portfolio return (calculated in #2) is different than the sum of the weighted average returns of the funds that make up the portfolio

CIBC Canadian Bond Fund CIBC Global Bond Index Mawer New Canada RBC Emerging Market Sales Cap TD Entertainment & Communications Total 5,000 10,000 3,000 2,500 4,500 $25,000 CIBC Canadian Bond Fund 5,668.50 CIBC Global Bond Index 13,096.00 Mawer New Canada 4,135.50 RBC Emerging Markets Sales Cap 3,935.75 TD Entertainments & Communications 8,647.65 Total $35,483.40 CIBC Canadian Bond Fund 4.27% CIBC Global Bond Index 9.41% Mawer New Canada 11.29% RBC Emerging Market Sales Cap 16.33% TD Entertainment & Communications 24.33% 2. PV = ($25,000) FV = $35,483.40 N=3 PMT=0 I/Y = 12.38%