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(e) An investors portfolio currently is worth K1 million and during the year the investor company at a price of K80 per share and 2000
(e) An investors portfolio currently is worth K1 million and during the year the investor company at a price of K80 per share and 2000 shares of F Company at K40 per share. The proceeds are used to buy 1 600 shares of I Company at K100 per share. (i) What was the portfolio rate of return? (ii) If the shares of M originally purchased for K70 and those in F were purchased for k35, and if the investors tax rate on capital
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