Calculate the value of each unit as at 15 February 2005. [10 marks] Hence, calculate the value of Mr Filou's portfolio as at that date, clearly indicating the proportion of each investment in his global portfolio. Comment on the reported proportion. [5 marks] Calculate the global rate of return of Mr Filou's investment. [2 marks] Write down the equations to calculate the internal rate of return of each investment (Growth Fund and Income Fund). [3 marks] Open-ended mutual funds are highly beneficial to individual investors. Discuss. [10 marks] Mr Filou has invested Rs 1000000 on the first of January 2005 in the following units managed by the Penny Investment Associates: Table 1: Mr Filou's portfolio Mr Coin, the financial analyst of Penny Investment Associates, reports the following movement in the selected benchmarks of the respective investments: Table 2: Movements of selected benchmarks Table 3 reports transactions carried out by Penny Investment Associates on behalf of Mr Filou. Table 3: Transactions carried out