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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 $60 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) Net inflows ($ 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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