Consider the performance of a closed end fund by the name of Icapital.biz Berhad ("ICAP") which is listed on the Main Market of Bursa Malaysia and has a paid up capital of RM140 million in the table below. If an investor has invested RM100,000 of his hard earned money on this fund, estimate how much the profit/loss and returns he has generated for the period of one (1) year of investment.

Period: January, February, March April May June July Aug Sept Oct Nov Dec

NAV : 3.50, 3.25, 2.80 2.60 2.65 2.78 3.20 2.75 2.85 2.60 2.62 2.50

Premium/Discount: 5%, 3% -7% -8% -12% -10% 8% 5% 4.5% 3.2% -5% -3.5%

calculate the market price and monthly return for each of the respective months

Market price

Monthly return