1. An investor purchased 100 shares of common stock at Ghc20 per share one year ago. The company declared and paid a dividend of Ghc2 per share during the year. The investor sold the stock for Ghc21 per share after the one year holding period.

1. Calculate the cedi return from this investment.
2. Calculate the HPR for this investment.
3. Partition the HPR into its dividend and capital appreciation components.