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You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The

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You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $40 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) Net inflows ($ million) HPR (%) January February 6.1 -3.8 -3.50 6.50 March 0 2.80 a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.) Arithmetic average 1.93% b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Round your answer to 2 decimal places.) Geometric average 1.85% c. Calculate the quarterly dollar-weighted average return on the fund. (Round your answer to 2 decimal places.) Dollar-weighted average return %

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