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John purchased 5,000 units of the Canafund Opportunities Growth fund when its net asset value per share was $ 12.00. The fund had a front-end

John purchased 5,000 units of the Canafund Opportunities Growth fund when its net asset value per share was $ 12.00. The fund had a front-end load of 2 %. He recently sold his units at a price of $ 13.75. What amount would be included in his taxable income in the year of sale?

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