Step-by-step explanation:
Reference to question given, an explanation on Blakely performance is that she produced excellent results through her skills and timely decisions in finance and funds.
This can be seen in this way that for the complete year, her asset class exposures averaged 50% in stocks and 50% in cash.
The S&P distribution between stocks and cash during period was strictly 97% and 3%, respectively and the risk-free rate of return was 2%.