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Answer the following question based on the information given below.

Abdul and Bikram and Chetan are three professional traders who trade in shares of a company $\text{XYZ}$ Ltd. Abdul follows the strategy of buying at the opening of the day at $10$ am and selling the whole lot at the close of the day at $3$ pm. Bikram follows the strategy of buying at hourly intervals $10$ am, $11$ am, $12$ noon, $1$ pm and $2$ pm, and selling the whole lot at the close of the day. Further he buys an equal number of shares in each purchase. Chetan follows a similar pattern as Bikram but his strategy is somewhat different. Chetan’s total investment amount is divided equally among his purchases. The profit or loss made by each investor is the difference between the sale value at the close of the day less the investment in purchase. The “return” for each investor is defined as the ratio of the profit or loss to investment amount expressed as a percentage.

Which one of the statements is always true?

  1. Abdul will not be the one with minimum return.
  2. Return for Chetan will be higher than that of Bikram
  3. Return for Chetan cannot be higher than that ofAbdul
  4. Return for Bikram will not be higher than that of Abdul
  5. none of the above.
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