Following are data on three shares, none of the companies paid any dividends:

Company Name	Q0 Purchased	P0 Nov, 2020	P1 Nov, 2021
Ace Ltd	1,000	$7.00	$10.00
Bat Ltd	2,000	$8.00	$12.00
Car Ltd	3,000	$9.00	$8.00

Note:

• Q₀ = number of shares purchased in each company in November, 2020 and still held.
• P₀ = price per share paid in November, 2020.
• P₁ = price per share on the market in November, 2021

Calculate the following rates of return over the year ended November, 2021 (show answers as percentages, correct to 2 decimal places):

a. On a price-weighted basis of the three shares.

b. On an equally weighted basis of the three shares.

c. On a market value basis of the three shares.