Question 2 (25 Marks): Anise Domestic Equity Fund sells two types of share, A+ and A++. A+ shares are sold with front-end load fee of 4% whilst Type AH shares are not subject to front-end load fee but are charged to investment management fee of 3% per annum as well as exit (back-end load) fee that start at 10.5% and reduce by 1.5% for each full year the investor holds the portfolio (until the 7th year). The annual rate of return for both types of share is 15%. (a) Calculate the value of a Rs 100,000 investment made by investor Mr Tecoma in Type A+ shares if the shares are disposed after (i) one year and (ii) 5 years. 35 [ 8 Marks] (b) Calculate the value of a Rs 100,000 investment made by investor Mrs Cherry in Type A++ shares if the shares are disposed after (i) one year and (ii) 5 years. [14 Marks] (C) As an analyst, which types of share will you recommend the investor to buy