Question: Now let us continue the previous example using data from January 2008 to August 2008. The realized returns for SPDR XME and SPDR XLF during

Now let us continue the previous example using data from January 2008 to August 2008. The realized returns for SPDR XME and SPDR XLF during this time period were 23% and 33% respectively. Assuming the manager created a 140/40 hedge fund on January 1, 2008.

Calculate the total return for this fund as of August 2008.

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