Problem $18-11($Algo$)$

Consider the following information regarding the performance of a money manager in a recent month. The table represents the actual 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 $4.$

$\backslash$table$[[,$Actual Return,Actual Weight,Benchmark Weight,Index Return,$],[$Equity$,2\mathrm{.}3\%,0\mathrm{.}5,0\mathrm{.}3,2\mathrm{.}8\%($S&P $500),],[$Bonds$,1\mathrm{.}3,0\mathrm{.}4,0\mathrm{.}2,1\mathrm{.}4,($Barclay$\text{'}$s Aggregate$)],[$Cash$,0\mathrm{.}5,0\mathrm{.}1,0\mathrm{.}5,0\mathrm{.}5,]]$

Required:

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.$)$

The manager's return in the month is $$

a$-2.$ What was her overperformance or underperformance? $($Do not round intermediate calculations. Input all amounts as positive values. Round your answer to $2$ decimal places.$)$

$\%$