14. An investor bought the shares of a mutual fund for GHS2000 per share. At the end of the year the funddistributed a dividend of GHS60 per share. After the distribution, the net asset value of a share of the mutual fund came to GHS2240.What is the return on the investment to the investor in percentage terms?

15. Assume the interest rate on a three-year treasury note in Ghana is 20%, and that on a one-year note is 16%. Using the Expectations Theory, calculate the implied rate on a two-year treasury note one year from now.