Q3.1 Using logarithmic returns (continuously compounded returns), what rate of return (in % pa) did Andrew earn for the 12-month period? Show your calculations.

Q3.2 4 Points Using arithmetic returns, what rate of return (in % pa) did Andrew earn for the 12-month period? Show your calculations.

Q3 Question 3 8 Points Note: You may type your responses to each part in the spaces provide below. Alternatively, you may upload your handwritten and scanned answers to each question part below. In late December 2019, Andrew bought 1000 shares in Bright Metal Ltd (BML) at a price of $40.10 per share. During 2020, Andrew recorded the BML share price at the end of each month. These prices are shown in the following table. BML has paid one dividend since Andrew bought the shares. The amount of the dividend was $0.80 per share and was paid on 26 December 2020. Month (end) January February March April May June Price $41.69 $41.39 $42.01 $42.95 $42.57 $44.75 Month (end) July August September October November December Price $45.20 $44.29 $44.29 $43.66 $43.18 $43.27 Q3 Question 3 8 Points Note: You may type your responses to each part in the spaces provide below. Alternatively, you may upload your handwritten and scanned answers to each question part below. In late December 2019, Andrew bought 1000 shares in Bright Metal Ltd (BML) at a price of $40.10 per share. During 2020, Andrew recorded the BML share price at the end of each month. These prices are shown in the following table. BML has paid one dividend since Andrew bought the shares. The amount of the dividend was $0.80 per share and was paid on 26 December 2020. Month (end) January February March April May June Price $41.69 $41.39 $42.01 $42.95 $42.57 $44.75 Month (end) July August September October November December Price $45.20 $44.29 $44.29 $43.66 $43.18 $43.27