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You are given the following information concerning the shareprice and returns for Cubic Technologies Ltd:DayShare PriceReturnDayShare PriceReturn12307233-0.10422500.0878221-0.0523232-0.0729201-0.09042410.039102180.08552470.025112190.00562600.053122270.0371.1Determine and describe the trading behaviour of an investorwho follows the Dow Theory which recommends investing in securitieswhen the market begins to rise and selling securities when themarket begins to fall. What return would this strategy make overthe 12 day period above? (13 %)1.2 Calculate the return earned by an investor who uses aBuy-and-Hold portfolio starting at the same time as the Dow Theoryinvestor above. (3 %)1.3 Comment briefly on the performance of the Dow Theory againsta Buyand-Hold strategy in this particular case as well as ingeneral. Advise your client on the suitability of the twostrategies. (5 %)1.4 Discuss the techniques of moving averages and filter rulesas they are used by technical analysts. Include in your answer adiscussion of technical analysis for an investor wishing to investin emerging markets.