IFIC Mutual Funds Licensing Practice Exam · Question
An investor holds units in a mutual fund and makes the following transactions: Purchase 1: 100 units at $10.00 each. Purchase 2: 50 units at $12.00 each. What is the Adjusted Cost Base (ACB) per unit after these two purchases?
The ACB per unit is calculated as the total cost divided by the total number of units. Total cost = (100 units * $10) + (50 units * $12) = $1,000 + $600 = $1,60
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Question: An investor holds units in a mutual fund and makes the following transactions: Purchase 1: 100 units at $10.00 each. Purchase 2: 50 units at $12.00 each. What is the Adjusted Cost Base (ACB) per unit after these two purchases?
Answer options:
- $10.00
- $11.00 ✅ $10.67
- $12.00
Correct answer: $10.67
Explanation: The ACB per unit is calculated as the total cost divided by the total number of units. Total cost = (100 units * $10) + (50 units * $12) = $1,000 + $600 = $1,600. Total units = 100 + 50 = 150. ACB per unit = $1,600 / 150 = $10.67. (IFIC Chapter 6: ACB Tracking)
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