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 $120 million and will be liquidated at the end of March.

Mighty Fine Mutual Fund
Monthly Data (measured at end of month)
	January	February	March
Net inflows ($ million)	7.9	-3.3	0
HPR (%)	-2.70	7.40	3.80

a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.)

Arithmetic average 2.83 Numeric Response 1.Edit Unavailable. 2.83 correct.%

b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Round your answer to 2 decimal places.)

Geometric average 2.74 Numeric Response 2.Edit Unavailable. 2.74 correct.%

c. Calculate the quarterly dollar-weighted average return on the fund. (Round your answer to 2 decimal places.)

Dollar-weighted average return !