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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 $140 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) January February March Net inflows ($ million) HPR1%) 6.1 4.8 6.50 5.80 a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.) Arithmetic average b.Calculate the quarterly geometric (time-weighted) average refurn on the fund. (Round your answer to 2 decimal places.) Geometric average c. Calculate the quarterly dolar-weighted average return on the fund. (Round your answer to 2 decimal places.) Dollar-weighted average return 3.73 ,% 368 0% 031 096

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