SECTION A [30 MARKS] Answer ALL the questions in this section. QUESTION ONE (15 Marks) Table 1 Index Statistic Code Date Instrument Dividend FTSE Yield SII Closing Gross Price MCAP Free Portfolio Float Factor Net MCAP Weight J100 2019/01/31 Accentuate 8,08% 0,07% 420 880 090 R7,95 R3 345 996 88% 1,00000 716 R2 944 477 110 J100 2019/02/28 Accentuate 7,22% 88% 1,00000 420 880 090 R7,61 R 3202 897 485 R2 818 0,06% 549 787 J100 6,22% 2019/03/31 Accentuate 0,06% 1,00000 420 880 090 R7,60 R 3198 688 88% 684 R2 814 846 042 1,00000 0,07% J100 9,95% 2019/04/30 Accentuate 420 880 R 8,63 R3 632 195 88% 177 R3 196 331 755 090 88% 1,00000 0,07% 8,85% J100 2019/05/30 Accentuate 420 880 090 R 8,95 R3766 876 806 R3 314 851 589 88% 1,00000 9,98% J100 2019/06/30 Accentuate 420 880 090 R 8,55 R 3598 524 770 R3 166 0,06% 701 797 1,00000 9,31% J100 2019/07/31 Accentuate R2 851 0,06% 994 602 420 880 090 R7,70 R 3 240 902 88% 957 3,18% 420 J100 2019/08/29 Accentuate R2 966 0,06% 699 578 R8,01 R3371 249 88% 1,00000 521 880 090 1,00000 5,14% 420 J100 2019/09/30 Accentuate R3 062 0,06% 996 943 R 8,27 R 3 480 678 88% 344 880 090 J100 2019/10/31 Accentuate 10.15% 420 88% 1,00000 R 8,25 R3 472 260 743 R3 055 0,06% 589 453 880 090 J100 2019/11/28 Accentuate 8,89% 1,00000 0,07% 420 R 12,00 R 3787 920 88% 880 810 090 R3 333 370 313 J100 2019/12/31 Accentuate 10,99% 1,00000 420 R 12,70 R 3 661 656 88% 880 783 090 R3222 0,07% 257 969 The Accentuate Group is a JSE listed company in South Africa. Accentuate operates within the chemical industries in South Africa JSE 100 is an index on the Johannesburg Stock Exchange, Accentuate is a constituent of JSE 100 its weight in the index is given in table 1 above. Consider an investor with a portfolio consisting only of Accentuate shares. The Treasury bill rate in 2014 was 3.06% in South Africa. Using dividend yield as (returns). Calculate Accentuate Sharpe ratio. QUESTION TWO (5 Marks) Calculate the capital gains for an investor who bought Accentuate Shares on 31 January 2014 and held the shares until 31 December 2014 QUESTION THREE (10 Marks) Consider an investor with a portfolio consisting only of Accentuate shares. Calculate the Treynor ratio given that the beta of Accentuate is 0.8