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Elisa is now investing in bonds, shares, mutual funds and real estate. She has the following investment transactions in 2 0 2 3 : Elisa

Elisa is now investing in bonds, shares, mutual funds and real estate. She has the following investment transactions in 2023: Elisa sold an investment property at $6,543,000, which was purchased at $3,456,000 six years ago. The sales transaction is subject to a profit tax of 15%. Elisa sold 700 shares of Diamond Company (Diamond) stock at $280.80 per share. The shares were purchased at $195.6 per share four years ago. She totally paid $820 for stamp duties and brokers fees. Diamond constantly paid annual dividend of $8.6 per share to shareholders.Required:(a) Calculate the annualized holding period yield on (i) the investment property and (ii) investment in shares. Which investment has a higher yield?

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