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You made an investment in your RRSP account of $3,000 in an ETF that pays quarterly dividends. The ...

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You made an investment in your RRSP account of $3,000 in an ETF that pays quarterly dividends. The ...

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 you made the investment is $60. The following year you invested another $2,000 in your RRSP account at a price of $ 70 per unit. How much would you have in your account two years after your initial investment if you know that the annual income yield of the ETF is 5% and an ETF unit is trading at $75 today?

▸ $5992.86

▸ $6500.00

▸ $6292.86

▸ $6042.86

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Corporate Finance

Edition: 5^th

Author: Booth

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