In the last quarter Manly Property Fund earned a 6% (not annualised) rate of return. Display all answers to the nearest basis point. A) Express this rate of return on an annual basis. (4 marks) B) What monthly compounded rate of return would result in a 6% quarterly return? (4 marks) Determine the number of quarters for an investor to double the value of the initial investment. Assume the investor places monies in the Manly Property Fund, earns the 6% every quarter and reinvests all earnings. Express the answer to the nearest whole quarter. (4 marks)