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Consider the following information regarding the performance of a money manager in a recent month. The table presents the actual retum 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 presents the actual retum of each sector of the manager's portfch 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). t1) (2) (a) (4) Actual Artual Benchmark Index Return Weight Weight Retum Equity 3.4% 0.50 0.40 4.2% (sap 500) Bands 2.3 0.3-0 0.40 3.1 (Aggregate Bond Index) Cash 2.4 0.20 0.20 2.4 a'l. What was the manager's return in the month? (Do not round Intermediate calculations. Round your answer to 2 decimal places.} Manager's return at: a2. What was her over or underperfom'lance? [Input the value as positive value. Do not round Intermediate calculations. Round your answer to 2 decimal places} | Underperionnance | it: b. What was the contribution of security selection to relative performance? [Negative value should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to 2 decimal places.} Contribution of security selection at c. What was the contribution of asset allocation to relative performance? (Do not round Inten'nedlate calculations. Round your answer to 2 decimal places.) Contribution of asset allocation %

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