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Consider the following information regarding the performance of a money manager in a recent month. The table represents the actu return of each sector of

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Consider the following information regarding the performance of a money manager in a recent month. The table represents the actu return of each sector of the manager's portfolio in column 1, the fraction of the portfolio allocated to each sector in column 2, the benchmark or neutral sector allocations in column 3, and the returns of sector indices in column 4. Equity Bonds Cash Actual Return 2.1% 1 0.7 Actual Weight 0.5 0.2 0.3 Benchmark Weight 0.6 0.3 0.1 Index Return 2.6% (S&P 500) 1.2 (Barclay's Aggregate) 0.8 (T-Bills) a-1. What was the manager's return in the month? (Do not round intermediate calculations. Input all amounts as positive values. Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. The manager's return in the month is 1.76 X %

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