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(1) Charlotte would like to invest in Raffles Medical Group (RMG). The stock's closing prices...

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(1) Charlotte would like to invest in Raffles Medical Group (RMG). The stock's closing prices over the years were as follows: Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 As at 31 August ($) 0.7300 0.7900 0.9933 1.3267 1.4567 1.5350 1.1000 1.0700 0.9800 0.8200 1.4100 a. Determine the annual stock return and average return for the last 10 years. (15 marks) b. What is the stock risk over the same period? (10 marks) c. Earlier studies showed that the market returns were 9.87% per annum, with a standard deviation of 13.13%. If the correlation coefficient between RMG and the market is 1.13, calculate (with explanation) the beta of i. the market (5 marks) ii. RMG (10 marks) d. What is the potential range of returns for RMG? (5 marks) e. Assuming the risk-free rate of return is 2.35%, what is the expected returns for RMG

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