Answer Happy

Consider the following information regarding the performance ofa money manager in a recent month. The table represents the actualreturn of each sector of the manager’s portfolio in column 1, thefraction of the portfolio allocated to each sector in column 2, thebenchmark or neutral sector allocations in column 3, and thereturns of sector indices in column 4. Actual Return Actual WeightBenchmark Weight Index Return Equity 2 % 0.5 0.4 2.5% (S&P 500)Bonds 1.8 0.3 0.4 2 (Barclay’s Aggregate) Cash 0.6 0.2 0.2 0.7(T-Bills) a-1. What was the manager’s return in the month? (Do notround intermediate calculations. Input all amounts as positivevalues. Round your answer to 2 decimal places.) a-2. What was heroverperformance or underperformance? (Do not round intermediatecalculations. Input all amounts as positive values. Round youranswer to 2 decimal places.) b. What was the contribution ofsecurity selection to relative performance? (Do not roundintermediate calculations. Round your answer to 2 decimal places.Negative amount should be indicated by a minus sign.) c. What wasthe contribution of asset allocation to relative performance? (Donot round intermediate calculations. Round your answer to 2 decimalplaces. Negative amount should be indicated by a minussign.)