Arial Horton Owns 3,400 Units of the Canadian Growth Fund

Essay

Arial Horton owns 3,400 units of the Canadian Growth Fund, a mutual fund trust. The total cost of the 3,400 units was $17,000. Her adjusted cost base for these units has not changed since she acquired them. In June of the current year, the fund has an income distribution of $0.45 per unit. All of this distribution is reinvested at a unit price of $5.10. What will be Arial's adjusted cost base per unit after the reinvestment?