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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 and for his third grandchild, Sophia, in 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 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 March to April was equal to:
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