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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
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 $60 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) Net inflows ($ million) HPR (8) January February March 4.3 -1.90 -5.3 5.60 0 4.80 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 % ANA NAN ci er us hu. Sc b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 3- Geometric average % Drov 28 of 20 Next 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 return %
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