In a Particular Year, Razorback Mutual Fund Earned a Return

Multiple Choice

In a particular year, Razorback Mutual Fund earned a return of 1% by making the following investments in asset classes: The return on a bogey portfolio was 2%, calculated from the following information.
The total excess return on the Razorback Fund's managed portfolio was

A) -1.80%.
B) -1.00%.
C) 0.80%.
D) 1.00%.