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

question 67

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 of the investment is $60.The following year you invested another $2,000 in your RRSP account at a price of $ 70 a unit.How much would you have in your account two years after your initial investment if you know that the 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

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Definitions:

Ascending Colon

The first section of the colon which ascends from the cecum (the beginning of the large intestine) on the right side of the abdomen, absorbing fluids and salts as digested food passes through.

Colostomy

A surgical procedure that creates an opening in the abdominal wall for waste to exit the body, bypassing a diseased or damaged part of the lower digestive tract.

Skin Barrier

Refers to the outermost layer of the skin that protects against environmental contaminants, pathogens, and prevents excessive water loss from the body.

Peristomal Skin

The skin surrounding a stoma, which is an opening created surgically to allow waste to exit the body.