Christina holds 1,000 units of ABC Global Growth Fund. The current NAVPU is $15. At the...

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Christina holds 1,000 units of ABC Global Growth Fund. The current NAVPU is $15. At the end of the year, the fund company pays a dividend of $3 per unit. Christina receives the dividend in cash, and then places an order to redeem 300 units. She uses the proceeds of the redemption and the cash dividend to make a contribution to her RRSP. REQUIRED: Calculate the value of Christina's remaining portfolio of 700 units of ABC Global Growth Fund. Show all of your work. Christina holds 1,000 units of ABC Global Growth Fund. The current NAVPU is $15. At the end of the year, the fund company pays a dividend of $3 per unit. Christina receives the dividend in cash, and then places an order to redeem 300 units. She uses the proceeds of the redemption and the cash dividend to make a contribution to her RRSP. REQUIRED: Calculate the value of Christina's remaining portfolio of 700 units of ABC Global Growth Fund. Show all of your work.

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To calculate the value of Christinas remaining portfolio we need to first determine the ... View the full answer