- Compare the relative liquidity characteristics of direct versus indirect investment in real estate. Discuss three
factors that affect the liquidity of both forms of investment. (3 Marks)
- Adel retired from his firm. He has continued to hold his private retirement investments in a portfolio of common stocks and bonds. At the beginning of 2015, when he retired, his account was valued at SAR500,000. By the end of 2015, the value of his account was SAR530,500. Adel made no contributions to or withdrawals from the portfolio during 2015. What rate of return did Adel earn on his portfolio during 2015? (3 Marks)
