CSI IFC Question Answer
A client recently sold her holdings in ABC Equity Fund. The client ' s transactions in the fund are summarized below:
Date — Description — Amount ($)
Year One — Bought 500 ABC Equity Fund @ $10.50 per unit (no load) — $5,250.00
Year Two — Reinvested dividend (75% capital gains; 25% Canadian dividends), bought 20.5 ABC Equity Fund @ $11.50 per unit — $235.75
Year Three — Reinvested dividend (80% capital gains; 20% Canadian dividends), bought 35.5 ABC Equity Fund @ $12.25 per unit — $434.88
Year Four — Sold 556 ABC Equity Fund @ $12.75 per unit — $7,089.00
What is the client ' s capital gain from the sale of the fund in Year Four?
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