. Which option gives a higher Return on Investment before tax?

Both a) and b) with Initial Principal amount of THB 100,000

1. A 2-Month Certificate of Deposit (CD) offering Nominal Interest Rate of 2.75% p.a. Roll-Over 3 times and Reinvest both Principal and Interest Received from the CD in a T-Bills with Term-to-Maturity of six months yielding .90% p.a
2. OR A High-Dividend stock paying Dividend Per Share (DPS) of THB 2.40 whose stock price is THB 80 Show ALL calculations