Question 1 (5 points) You are given the the information below on a mutual fund. What is the arithmetic average? Year 1 Year 3 77.60 Asset under management at start of year (millions of $) 100.00 Holding-Period Return (% per year) Asset under management before flows (millions of $) 121.00 Net inflows (in millions of $) -5.00 Asset under management at end of year (millions of S) 116.00 21.00 Year 2 116.00 - 15.00 98.60 -21.00 77.60 -7.00 72.17 Year 4 52.17 -6.00 49.04 -52.17 0.00 -20.00 52.17 0-1.75% -0.51% -2.88% O-3.17% Question 2 (5 points) A stock is currently $210 per share. Ignore dividends. You will invest $21,000 of your own money. In addition, you can borrow another $21,000 at 12% per year. What is the 1-year return if stock goes up by 15% when you invest with margin? Without margin? 18%; 15% 19%; 18% 18%; 19% 15%; 18%