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Question 1: On August 15, 2020, Patricia purchased 2,000 shares in an aggressive growth company called WootWoot! Inc. for $19.40/share. Patricia believes the stock price
Question 1: On August 15, 2020, Patricia purchased 2,000 shares in an aggressive growth company called WootWoot! Inc. for $19.40/share. Patricia believes the stock price will increase to $29/share in one year; she also expects to receive dividends of $5,000 over this period on these shares. If Patricia is correct, what would be her return? (1 Point) O 58.70% O 66.70% O 58.92% O 59.83% O 62.37% Question 2: Selena is looking to retire at age 65. She is contributing $2,200 per month into her Registered Retirement Savings Plan (RRSP) at the beginning of each month for the next 15 years. Using a 4%, compounded monthly rate, what will be the value at Selena's retirement in 15 years? (1 Point) O $564,230 O $551,022 O $539,378 O $543,204 O $541,399 Question 3: Rob's student loan balance was $8,000 at the beginning of the year. Total loan payments in 2019 were $3,280, of which $2,520 represented the repayment of the principal on the loan. How much can Rob claim as a 15% non-refundable tax credit with respect to this student loan on his 2019 Federal personal income tax return? (1 Point) O $114 O $198 O $150 $250 O $378
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