(Answered) David bought unit trusts and invested for income he

Management Studies

David bought unit trusts and invested for income. He invested £150,000 in a unit trust with an offer price of £75 per unit, and sold the units after 3 years at the same price. During this period he received income from the units of £38,400. This income was not reinvested in units.

Calculate:

(a) the number of units purchased

(b) the percentage yield per annum

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Business Management, Management Studies

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