In a particular year, Aggie Mutual Fund earned a return of 15% by making the following investments in the following asset classes:

	Weight		Return
Bonds	10	%	6	%
Stocks	90	%	16	%

The return on a bogey portfolio was 10%, calculated as follows:

	Weight		Return
Bonds (Lehman Brothers Index)	50	%	5	%
Stocks (S&P 500 Index)	50	%	15	%

The contribution of selection within markets to total excess return was

In a particular year, Aggie Mutual Fund earned a return of 15% by making the following investments in the following asset classes: Bonds Stocks Weight 10% 90% Return 6% 16% The return on a bogey portfolio was 10%, calculated as follows: Bonds (Lehman Brothers Index) Stocks (S&P 500 Index) Weight 50% 50% Return 5% 15% The contribution of selection within markets to total excess return was