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Assume that one year ago you bought 200 shares of a mutual fund for $20 per share, you received a $0.45 per-share capital gain distribution
Assume that one year ago you bought 200 shares of a mutual fund for $20 per share, you received a $0.45 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $24. Ignoring tax, calculate the total return for this investment if you were to sell it now. (Round your answer to 2 decimal places. Omit the "\%" sign in your response.) Problem 14-5 Calculating Maximum Contributions [LO5] Jean and Dan both work. Each earns a salary of $49,000, but only Jean is a member of a registered pension plan. Both she and her employer contribute 2 percent of her gross salary to a defined contribution pension plan. Jean has no unused RRSP room carried forward as she has maxed out her RRSP each year. Dan has $15,000 of unused RRSP contribution room carried forward showing on his Notice of Assessment. Calculate the maximum RRSP contribution that each can make this year. (Omit the "\$" sign in your response.)
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