You just finished the first quarter manasing a portfolio for a client. The initial investment was $300,000 and at the end of the quarter the value was $316.250. Your performance is judged against a combination of U.S. and Non-U.S. equity indices. The U.S. index is the SEP. 500 and has a weight of 70\%. The Non-U.S. index is the MSCI EAFE and has a weight of 30%. For the quarter, the S\&P 500 index rose from 1105.22 to 1170.76, and the MSCI EAFE went from 879.32 to 921.44. What is the return for the benchmark? (recurring content question) 4.21% 5.59% 3.80% 5.37% 5.96K