Question: eBook Problem 9-1 Category Comparison A A portfolio exclusively invests in energy companies (50%) and utilities (50%). The portfolio earned 10.85% last year. Morningstar category

eBook Problem 9-1 Category Comparison A A portfolio exclusively invests in energy companies (50%) and utilities (50%). The portfolio earned 10.85% last year. Morningstar category Return Finanacials -3.50% Consumer Cyclical 12.00% Equity Energy 10.00% Industrials 3.00% Utilities 10.00% Technology 13.00% Large Blend 11.00% Create a benchmark portfolio from the Morningstar categories. What is the return on this benchmark portfolio? The benchmark return is %. Round your answer to two decimal places. By how much did the portfolio beat its benchmark? The portfolio beat the benchmark by %. Round your answer to the nearest two decimals.

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