Consider the following information regarding the performance ofa money manager in a recent month. The table presents the actualreturn of each sector of the manager’s portfolio in column (1), thefraction of the portfolio allocated to each sector in column (2),the benchmark or neutral sector allocations in column (3), and thereturns of sector indexes in column (4). (1) Actual Return (2)Actual Weight (3) Benchmark Weight (4) Index Return Equity 2.2%0.50 0.40 2.8% (S&P 500) Bonds 1.1 0.40 0.50 1.7 (AggregateBond Index) Cash 0.8 0.10 0.10 0.8 a-1. What was the manager’sreturn in the month? (Do not round intermediate calculations. Roundyour answer to 2 decimal places.) Manager’s return % a-2. What washer over or underperformance? (Input the value as positive value.Do not round intermediate calculations. Round your answer to 2decimal places.) % b. What was the contribution of securityselection to relative performance? (Negative value should beindicated by a minus sign. Do not round intermediate calculations.Round your answer to 2 decimal places.) Contribution of securityselection % c. What was the contribution of asset allocation torelative performance? (Do not round intermediate calculations.Round your answer to 2 decimal places.) Contribution of assetallocation