QUESTION 3 (20 marks) (a) The share price for Bee Ltd at 1 July 2020 was $3.40 and at 30 June 2021 was $4.80. You have collected the following per share dividend data for 2020 and 2021: $0.13, paid 31 March 2020 $0.14, paid 31 September 2020 $0.15, paid 31 March 2021 $0.16, to be paid 31 September 2021 What is the rate of return on Bee Ltd shares for the year ending 30 June 2021? (7 marks) (b) The All Ordinaries Total Return index rose from 81,695 at the end of May 2021 to 83,786 at the end of June 2021. i. ii. What was the monthly rate of return for the index? (2.5 marks) You expect the All Ords to increase by 10% in 2022. Woolworths has a beta of 0.50. What you expect to happen to the return of Woolworths? (2.5 marks) (c) Explain what happens to the risk of a portfolio as the number of assets in the portfolio is increased. (8 marks)