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The Fin406 Mutual Fund earned a return of 16% last year by making the following investments in two asset classes: Weight Return Bonds 20% 12%

The Fin406 Mutual Fund earned a return of 16% last year by making the following investments in two asset classes: Weight Return Bonds 20% 12% Stocks 80% 17% The info about the benchmark/bogey portfolio is as follows: Weight Return Bonds (Barclays Aggregate Index) 60% 10% Stocks (S&P500 Index) 40% 15% The Fin406 funds excess return over the benchmark was _______. 3% 4% 5% 2%

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