In a particular year, Lost Hope Mutual Fund made the following

investments in asset classes:

Weight Return

Bonds $70\mathrm{.}00\%9\mathrm{.}25\%$

Stocks $30\mathrm{.}00\%5\mathrm{.}50\%$

The return on a bogey portfolio was $7\mathrm{.}00\%,$ calculated as follows:

Weight Return

Bonds $($Shearson$-$Lehman Index$)40\mathrm{.}00\%10\mathrm{.}00\%$

Stocks $($S&P $500$ Index$)60\mathrm{.}00\%5\mathrm{.}00\%$

Use the above information to answer the following three questions.

What was the total extra return on the Lost Hope Mutual Fund? Please calculate the total extra return as a percentage rather than a decimal, rounded to two decimal places. Do not enter $\%$ in the answer box. For example, if your answer is $0\mathrm{.}12345$ or $12\mathrm{.}345\%$ then enter as $12\mathrm{.}35$ in the answer box.