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Stephan Ryan began investing money in a registered education saving plan ( RESP ) for two of his grandchildren, Laura and Noah, in 2 0

Stephan Ryan began investing money in a registered education saving plan (RESP) for two of his grandchildren, Laura and
Noah, in 2009 and for his third grandchild, Sophia, in 2010. Ryan has decided that the investments would be initially in
bonds in Laura's account, in stocks in Noah's account, and in real estate investment trusts in Sophia's account.
Financial data for the individual accounts for March and April 2009 are shown below. During that period, there was no
purchase or sale of securities in any of the accounts and no contribution or withdrawal.
The total return of the RESP for the period from 1 March 2009 to 30 April 2009 was equal to:
4.6%
4.4%
3.8%
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