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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

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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 $100 million and will be liquidated at the end of March. Mighty Fine Mutual Fund Monthly Data (measured at end of month) January February Net inflows ($ million) 7.3 -3.8 HPR (%) -3.50 7.10 March 0 2.80 c. Calculate the quarterly dollar-weighted average return on the fund. (Round your answer to 2 decimal places.) Dollar-weighted average return %

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