Francisco holds 1,000 units of the XYZ Segregated Fund. Each of the units has a fair market value of $11.00.An Adjusted Cost Base (ACB) of $9.00 (they were all purchased at one time). If Francisco sold 200 of the units today and withdrew the cash proceeds from his plan.

What would the ACB of the remaining units held by Francisco become?

Answer rating: 100% (QA)

When Francisco sells a portion of his units in the XYZ Segregated Fund it affects the Adjusted Cost ... View the full answer