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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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