Below is the monthly share price data for A2 Milk Company for the 2018 financial year (source:https://au.finance.yahoo.com/quote/A2M.AX/). Note: no dividends were declared for the 2017-18 FY.

Date Open Close

Jul 17 3.79 4.14

Aug 17 4.15 5.04

Sep 17 5.10 5.86

Oct 17 5.92 7.62

Nov 17 7.34 7.59

Dec 17 7.60 7.37

Jan 18 7.40 8.29

Feb 18 8.32 12.23

Mar 18 12.21 11.46

Apr 18 10.96 11.31

May 18 11.36 9.93

Jun 18 9.70 10.52

1. Calculate the 2017-2018 monthly holding period returns (in both $ and %) for A2M.(4marks)
2. Calculate the average monthly return (%) for A2M.(1.5 marks)
3. Using the data provided calculate the annual holding period return (in both $ and % terms) for an international (non-Australian) shareholder of A2M.(1 mark)