IFSE Institute CIFC Question Answer
Anthony purchased 500 units of XYZ Fund at a price of $12.00 per unit. Near the end of the year, the mutual fund made a distribution of $1.50 per unit. The net asset value per unit (NAVPU) immediately before the distribution was $16.50. Anthony immediately reinvested his distribution at the new NAVPU. How many new units did Anthony purchase when his distribution was reinvested?
IFSE Institute CIFC Summary
- Vendor: IFSE Institute
- Product: CIFC
- Update on: Aug 2, 2025
- Questions: 224