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An investor bought 20,000 shares of ROSS Bank at GHC5.20 AND 10,000 shares of CHASE...

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Finance

An investor bought 20,000 shares of ROSS Bank at GHC5.20 AND 10,000 shares of CHASE Bank at GHC4.35. Over the next three years, both companies paid a dividend per share of GHC0.25 and share prices fluctuated as shown in the Table below:

ROSS Bank (GHC)

CHASE Bank (GHC)

Year 0

5.20

4.35

Year 1

5.00

4.62

Year 2

5.40

4.50

Year 3

5.86

4.45

  1. What would be the mean return of ROSS Bank and CHASE Bank over the three years?

AP (10 marks)

  1. Determine and explain the direction of movement of the estimated returns of the shares of ROSS Bank and CHASE Bank over the three-year period.

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