Question
Eleven years ago, Jean-Luc purchased 100 units in the TNG Segregated Fund, which has a 100% maturity guarantee, at a price of $15 per unit.
Eleven years ago, Jean-Luc purchased 100 units in the TNG Segregated Fund, which has a 100% maturity guarantee, at a price of $15 per unit. One year after purchase, Jean-Luc reset the fund when the net asset value (NAV) per unit was $16.80. At maturity ten years later, Jean-Luc withdraws his entire segregated fund when the NAV is $14.75. Assume there were no allocations, commissions, or fees
How much will Jean-Luc receive from the issuer?
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
