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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

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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 $100 million and will be liquidated at the end of March. Mighty Fine Mutual Fund Monthly Data (measured at end of month) January February Net inflows ($ million) 5.5 -4.3 HPR (%) -4.30 6.20 March 0 1.80 a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.) Arithmetic average 1.23333 % b. Calculate the quarterly geometric (time-weighted average return on the fund. (Round your answer to 2 decimal places.) Geometric average 2.97% c. Calculate the quarterly dollar-weighted average return on the fund. (Round your answer to 2 decimal places.) Dollar-weighted average return --1.23%

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