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Please show all the workings of the calculations step by step Henry Investment and income Fund starts the year with Net Asset Value (NAV) of
Please show all the workings of the calculations step by step
Henry Investment and income Fund starts the year with Net Asset Value (NAV) of MYR 1.2250 per unit. By the year-end, Henry investment and income Fund portfollo has the following composition of stocks as shown in the table below: The fund has 1,5 percent expense ratio. Currently, there are 10 million shares outstanding. The fund Investment objective stated in the fund fact sheet was to outperform the KLCl benchmark. In the same year, the KLCI Index started at 1,580 points and closed at the current level of 1,650 points. Required: (a) Suppose that the standard deviation for Henry investment and Income Fund and KLCl is calculated as 14% and 8%, respectively. The estimated beta for Henry Invesiment and Income Fund is 1.3 and the current risk free 3-month T-Bili rate is 2.5%. Evaluate the performance of Henry Investment and Income Fund using the Sharpe ratio. (8 marks) (a) What type(s) of stock most likely are Stock A, B, C, and D? Explain your Step by Step Solution
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