1. Holding Period Return. Jon bought 100 shares of Walmart on 01-Jan-2022 for $45.00 a share. On 03-Mar-2022 and 03-Jun, Walmart paid a dividend of \$1.50/share and \$1.60/share, respectively. On 16-Aug-2022, Jon sold all his Walmart stocks for S45.00 share. What was the Holding Period Return Jon had to invest in Walmart stocks in 2022? 2. Arithmetic x Geometric Return. The fund Verde Capital Management reports the following annual returns between 2010 and 2018. a. Calculate the Fund's Annual Arithmetic Return. b. Calculate the Fund's Annual Geometric Return (Compounded). c. What's the better measure of performance? 3. What are the two major competitive advantages that financial intermediaries enjoy over other individuals and small firms when producing financial services? Briefly explain each. 4. Explain what is meant by moral hazard and adverse selection