An investor bought 95 shares at $5.65 each. After 6 months, she received $0.65 dividends per share and at the same time she bought 55 more shares at $5.95 each. After another 6 months, she received $0.50 dividends per share for all her holdings and she sold all the shares for $6.10 per share. a) Calculate her annualized Time Weighted Return (TWR). (4 marks) b) Calculate her annualized Money Weighted Return (MWR). (4 marks) c) Which measure should be more preferred by regulators? Explain. (2 marks)