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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
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 with a balance of $ million.
Mighty Fine Mutual Fund
Monthly Data measured at end of month
January February March
Net inflows $ million
HPR
Required:
a Calculate the quarterly arithmetic average return on the fund. Do not round intermediate calculations. Round your answer to decimal places.
b Calculate the quarterly geometric timeweighted average return on the fund. Do not round intermediate calculations. Round your answer to decimal places.
c Calculate the quarterly dollarweighted average return on the fund. Do not round intermediate calculations. Round your answer to decimal places.
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