Multiple Choice
You made an investment in your RRSP account of $3,000 in an ETF that pays quarterly dividends.The price of each unit the day of the investment is $60.The following year you invested another $2,000 in your RRSP account at a price of $ 70 a unit.How much would you have in your account two years after your initial investment if you know that the income yield of the ETF is 5% and an ETF unit is trading at $75 today?
A) $6500.00
B) $6292.86
C) $5992.86
D) $6042.86
Correct Answer:
Verified
Correct Answer:
Verified
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