For the 10-year period ended March 31, 2007, the Phillips, Hager & North (PH&N) Canadian Equity Fund

Question:

For the 10-year period ended March 31, 2007, the Phillips, Hager & North (PH&N) Canadian Equity Fund had a compound annual return of 11.3% whereas the PH&N U.S. Equity Fund had a compound annual return (after converting to Canadian dollars) of 1.3%. How much more would an initial $1000 investment have earned over the 10-year period in the Canadian Equity Fund than in the U.S. Equity Fund?