Question 8 (9 points) A fund reports the following quarterly performance over the past year. 1st Quarter 1 2nd Quarter 1.2 3rd Quarter 2.00 4th Quarter 0.8 10% 25% -20% 20% 1.10 1.50 1.60 0.96 Asset under management at the start of quarter ($ million) Holding-period return Total assets before net inflows Net inflow ($ million) Assets under management at the end of quarter ($ million) 0.10 0.50 -0.8 0.60 1.20 2.00 0.80 1.56 a) Calculate the realized average quarterly return? [3 points] b) Calculate the end value of $1 invested at the beginning of the year? [3 points) c) Calculate the average return for forecasting the next quarter's return? [ 3 points] Question 8 (9 points) A fund reports the following quarterly performance over the past year. 1st Quarter 1 2nd Quarter 1.2 3rd Quarter 2.00 4th Quarter 0.8 10% 25% -20% 20% 1.10 1.50 1.60 0.96 Asset under management at the start of quarter ($ million) Holding-period return Total assets before net inflows Net inflow ($ million) Assets under management at the end of quarter ($ million) 0.10 0.50 -0.8 0.60 1.20 2.00 0.80 1.56 a) Calculate the realized average quarterly return? [3 points] b) Calculate the end value of $1 invested at the beginning of the year? [3 points) c) Calculate the average return for forecasting the next quarter's return? [ 3 points]