WOW Ltd Price Dividend 1 Jan 2020 $29.42 28 Feb 2020 $0.45 1 July 2020 $33.29 b) Assume that you purchased WOW Ltd shares on 1 Jan 2020 and sold them on 1 July 2020. A dividend of $0.45 was paid on 28 Feb 2020. i) Calculate the realised return for the period. (1 mark) ii) Using the answer obtained in i), calculate the effective annual rate of return (EAR). (1 mark) c) The expected return on the market is 8.5% and the return on the risk-free security is 2.8%. WOW Ltd has a beta of 0.73. i) What is its required rate of return? Referring to your answer in b), would you buy or sell WOW Ltd shares and why? (2 marks) ii) Draw the Security Market Line using answers you obtained above. Label X-axis, Y-axis and intercept. Clearly present values on X- and Y-axis when you locate the realised and required returns of the asset in the graph. (4 marks)