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Portfolio Benchmark Portfolio Benchmark Weight % Categor Long US equities Long Canadian equities Short US equities Short Canadian equities Cash Return % 12 weight % Return % 60 60 50 50 60 40 10 -6 7.4 -6.5 100 8)Calculate the return of the long-short portfolio a)0.6 % b)-0.50 % c) 13% d) 11.1 % e) none of the above 9) Calculate the excess return attributable to allocation effect for the portfolio a)-3.8 % b)-1.6 % c) 1.45% d)-1.85% e) none of the above 10) Calculate the selection effect for short US equities and short Canadian equities a)-0.5 %: 0.45% b) 0.5%-0.05% c)-0.05%,-0.5% d) 5%;-0.45 % e) none of the above