Question 3 (a) FBM Mutual financial year end is on 31 December every year. Its fund result for FY 2021 are as follows. RM NAV at the beginning of the year 0.47 NAV at the end of the year 0.51 Dividend 0.15 Capital gain 0.12 Total market value 100,000,000 33,000,000 Total fund liabilities Total fund outstanding is 25 million units. Required: (i) Calculate the return of the fund. (ii) Calculate the NAV of the fund. (5 marks) (4 marks) (b) Briefly explain: (i) (ii) The difference between straight bond and a Zero-coupon bond. What is the difference between cancellable and convertible preferred stocks? (6 marks) (iii) Dollar Cost Averaging. (5 marks) (5 marks) [Total: 25 Marks] Page 2 of 7