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Topic: ISLAMIC INVESTMENT Answer all the following question?. Assume that you are the President...

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Accounting

Topic: ISLAMIC INVESTMENT

Answer all the following question?.

  1. 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.

  1. 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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