You Made an Investment in Your RRSP Account of $3,000

question 35

Multiple Choice

You made an investment in your RRSP account of $3,000 in an ETF that pays quarterly dividends.The price of each unit the day you made the investment is $60.The following year you invested another $2,000 in your RRSP account at a price of $ 70 per unit.How much would you have in your account two years after your initial investment if you know that the annual income yield of the ETF is 5% and an ETF unit is trading at $75 today?

• A)$6500.00
• B)$6292.86
• C)$5992.86
• D)$6042.86

---

Definitions:

Recombinant DNA

A form of DNA that has been modified through combining genetic material from multiple sources, creating sequences that do not exist naturally.

Restriction Enzymes

Proteins that cut DNA at specific recognition sites, widely used in molecular biology for DNA modification.

DNA Fingerprinting

A technique used to identify individuals by examining their DNA sequence variations.

Short Tandem Repeats

DNA sequences where a short sequence of bases is repeated, often used in genetic fingerprinting.