1a. Mary owns 5000 shares in a mutual fund. This fund began the year with a NAV of GHs 10.25 per share. At the end of the year, the fund distributed income amounting to GHs 0.75 per share and capital gains amounting to Ghs 1.25 per share. Information available indicates that before the distribution of income and the capital gains, the NAV of the fund amounted to Ghs 14.50. If MAry wanted her distribution of income and capital reinvested in more shares of the fund, calculate how many shares Mary will have after the redistribution.

1b. An investor purchases 1000 shares of a company at Ghs20 per share using his own equity of Ghs 10,000 and borrowing the rest from his broker at 20% per annum. If all the shares were sold one year later at Gh 28.50, calculates a) the amount of money borrowed from the broker b) the return on his equity taking into consideration all brokerage fees paid amounting 2.5% of the value of investment both for buying and selling of the investment.