Topic: ISLAMIC INVESTMENT

Answer all the following question?.

3. Assume that you are the President of ABC Investments, a firm that invests in stock exchange markets worldwide. As president, you appointed investment Managers, Alam and Anas, to select shares that you would invest RM215,000 in each in January next year. Then, managers will manage shares and advise when to sell them, bearing in mind the objective to maximize return. Table 1 shows the data collected in the subsequent year.

Investment manager	Alam	Anas
Initial investment	RM215,000	RM215,000
Sale value	RM229,000	RM235,000
Holding period	4 months	7 months
Dividends collected	RM6,000	RM9500

1. Calculate the HPR for the stock of both Investment managers.

2. What is the annualize HPR for Alam and Anas?

Note: that the consumer price index (CPI) is a measure taken from examining the average of prices from a hypothetical basket of goods and services purchased by consumers

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