Question
Christina holds 1,000 units of ABC Global Growth Fund. The current NAVPU is $15. At the end of the year, the fund company pays
Christina holds 1,000 units of ABC Global Growth Fund. The current NAVPU is $15. At the end of the year, the fund company pays a dividend of $3 per unit. Christina receives the dividend in cash, and then places an order to redeem 300 units. She uses the proceeds of the redemption and the cash dividend to make a contribution to her RRSP. REQUIRED: Calculate the value of Christina's remaining portfolio of 700 units of ABC Global Growth Fund. Show all of your work.
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