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

Consider the following information regarding the performance of a money manager in a recent month. The table presents the actual return of each sector of the managers 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 indexes in column (4).image text in transcribedimage text in transcribed

Index Return Actual Benchmark Equity BondS Cash Return Weight Weight 0.60 0.20 0.20 Actual 2.4% 1.1 0.40 0.40 0.20 3.1% (S&P 500) 2.0 (Aggregate Bond index) 1.1 a-1. What was the manager's return in the month? (Do not round intermediate calculations Enter your answer as a percentage rounded to 2 decimal places.) Manager's return a-2. What was her over- or under-performance? (Enter a positive value for over-performance or a negative value (using a minus sign) for under-performance. Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.) Over-or underperformance

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