a. (2) The table below shows the investment weights for the securities held in different portfolios including a benchmark index and three mutual funds. What are the active share for funds A, B and C relative to the benchmark index? (Based on your calculation, fill in the table below and also write/type the necessary explanation/formula to show how do you find the active share below the table). (7 points) b. Using your calculation results in part a of the question and the given information, indicate which fund is the most likely to be considered: an actively managed concentrated stock-picking fund, a closet (or enhanced) index fund and a passive index fund. Explain the reason for your classification. (3 points) (Total 10 points) Benchmark Security Fund A (%) Index (%) Fund B (%) Fund C (%) 9 14 30 2. 10 11 12 0 3 10 11 4 10 11 14 5 10 9 8 6 10 9 10 7 10 9 51 40 8 10 11 15. 10 11 10 10 9 22 INIA N/A INIA IN/A N/A N/A INIA 10 8. 8 0 0 a 0 9 0 g