1. One day, two other traders. Dane and Emily joined Abdul, Bikram and Chetan for trading in the shares of XYZ Ltd. Dane followed a strategy of buying equal numbers of shares at 10 am. 11 am and 12 noon, and selling the same numbers at 1 pm, 2 pm and 3 pm Emily, on the other hand, followed the strategy of buying shares using all her money at 10 am and selling all of them at 12 noon and again buying the shares for all the money at 1 pm and again selling all of them at the close of the day at 3 pm. At the close of the day the following was observed.i. Abdul lost money in the transactions.ii. Both Dane and Emily made profits.iii. There was an increase in share price during the closing hour compared to the price at 2 pm.iv. Share price at 12 noon was lower than the opening priceShare price was at its highest at
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