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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