Adil purchased 1,000 units in the Equinox Segregated Fund on March1st of this year. The Net Asset Value (NAV) of the Equinox Fund was $14.80 on January 1st and during the course of the year this fund distributed income of $1.56 per unit. Based on the above information, how much total income would Adil receive by year- end from this fund?

Answer rating: 100% (QA)

To calculate the total income Adil would receive from the Equinox Segregated Fund by yearend we need ... View the full answer