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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
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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