Question
The following table depicts how an investor averages out the unit price over a few months in 2021 by investing in a fixed, monthly amount
The following table depicts how an investor averages out the unit price over a few months in 2021 by investing in a fixed, monthly amount amidst the Ringgit prices fluctuations.
Month | Investment amount | Unit price | Units acquired |
January | RM400 | RM0.6015 | (1) |
February | RM400 | RM0.5944 | 672.95 |
March | RM400 | RM0.5626 | (2) |
April | RM400 | (3) | 714.41 |
May | RM400 | (4) | 685.40 |
June | RM400 | RM0.5521 | 724.51 |
July | RM400 | RM0.5430 | 736.65 |
August | RM400 | RM0.5379 | 743.63 |
September | RM400 | RM0.5325 | 751.17 |
October | RM400 | RM0.5009 | (5) |
November | RM400 | RM0.4988 | 801.92 |
December | RM400 | (6) | 873.93 |
a) Solve (1) to (6) based on the information given.
b) Examine average cost per unit for this investment in 2021.
c) If this unit trust suddenly declared Shariah non-compliant on 1st July, propose the necessary measures with supporting evidence of calculation assuming that investor was unrealized about the ruling (NAV December 31: RM0.5000).
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