You are evaluating whether to invest in one of Singapores 3 local banks - DBS Bank, OCBC Bank and UOB. The Return on Equity ratios of these 3 banks is provided below. (Source: The Asian Banker, https://www.theasianbanker.com/updates-and-articles/dbs-ocbc-and-uob-achieved-strong-financial-performance-in-2021) Using only the information above,

(a) Comment on the performance of UOB

(i) between Financial Year 2020 (FY2020) and Financial Year 2021 (FY2021)

(ii) when compared with either DBS Bank or OCBC Bank and determine if UOB fared better or worse in FY2021.

Explain your answers clearly. [4 marks]

(b) Assuming that you have decided to purchase 2,000 shares of DBS Bank at $32 per share on 2 January 2022. Subsequently, you received $0.90 per share of dividends on 30 June 2022 and sold all the shares at $35 per share on 30 September 2022.

Calculate the following:

(i) Total dollar returns, and

(ii) Percentage returns of your investment in DBS Banks. Show your workings clearly.