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Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU

Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU was P107.81. What is the absolute ROI if redemption was made on Sep 13, 2019? Assume that the fund has neither front nor back load.

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