Use of Financial Calculator TI BA II Plus Required

question 131

Multiple Choice

Use of Financial Calculator TI BA II Plus required. The Toronto Stock Exchange (TSX) index had a value of 7000 in July 2003. On the same day in July 2007, the TSX index had a value of 12 500. You own an index fund that mirrors the returns of the TSX and has a current value of $36.50 per unit. If the historical return is the same, what will these units be worth three years from today? Ignore any fees or commissions.

• A)$56.99
• B)$56.39
• C)$65.18
• D)$48.78

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