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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 $100 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) Net inflows (5 million) HPR (X) January February 5.5 -4.30 March -4.3 6.20 1.80 Required: a. Calculate the quarterly arithmetic average return on the fund. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Arithmetic average b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Geometric average c. Calculate the quarterly dollar-weighted average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar-weighted average retum 96

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