A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager w

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A global equity manager is assigned to select stocks from auniverse of large stocks throughout the world. The manager will beevaluated by comparing her returns to the return on the MSCI WorldMarket Portfolio, but she is free to hold stocks from variouscountries in whatever proportions she finds desirable. Results fora given month are contained in the following table: Country WeightIn MSCI Index Manager’s Weight Manager’s Return in Country Returnof Stock Index for That Country U.K. 0.3 0.26 22 % 15 % Japan 0.430.2 17 17 U.S. 0.22 0.21 10 13 Germany 0.05 0.33 7 15 a. Calculatethe total value added of all the manager’s decisions this period.(Do not round intermediate calculations. Round your answer to 2decimal places. Negative amount should be indicated by a minussign.) b. Calculate the value added (or subtracted) by her countryallocation decisions. (Do not round intermediate calculations.Round your answer to 2 decimal places. Negative amount should beindicated by a minus sign.) c. Calculate the value added from herstock selection ability within countries. (Do not roundintermediate calculations. Round your answer to 2 decimal places.Negative amount should be indicated by a minus sign.)