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Question 1 On Jan 1 2019 shares in both Nile corporation and in Secure cor- poration had a market value of $120 per share. On

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Question 1 On Jan 1 2019 shares in both Nile corporation and in Secure cor- poration had a market value of $120 per share. On Dec 31 2019 a Nile share was worth $160 per share and a Secure share was worth $150. During 2019 Secure paid a dividend of $5 per share, while Nile corporation did not pay any dividends on its share. (a) Calculate the gross return on a Nile share in 2019. (Gross Return = 1.333) (b) Calculate the gross return on a Secure share in 2019. (Gross Return = 1.292)

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