$-$ The market value of the assets in the plan as of January $1,2023$ was $$1,982,600$;

$-$ The Company ABC contributes the normal cost for $2023$ on June $30,2023$; and

$-$ The pension portfolio allocation:

$50\%$: XSP$.$TO iShares Core S&P$500$ Index ETF $($CAD$-$ HEDGED$)$

$30\%$: XCB$.$TO iShares Canadian Corporate Bond Index ETF

$20\%$: XIU.TO iShares S&P$/$TSX $60$ Index ETF

$|$NormaL COST$=$ $$1,260,636\mathrm{.}45$

Investement rate $=8\%$

Calculate the market value of the assets in the plan as of January $1$st$,2024.$

Answer rating: 100% (QA)

ANSWER To calculate the market value of the assets in the plan as of January 1st 2024 we need to con... View the full answer