IFSE Institute Canadian Investment Funds Course Exam CIFC Question # 17 Topic 2 Discussion

IFSE Institute Canadian Investment Funds Course Exam CIFC Question # 17 Topic 2 Discussion

CIFC Exam Topic 2 Question 17 Discussion:
Question #: 17
Topic #: 2

Francis wants to redeem his US Asset Allocation Fund as he needs the money for a down payment for a home purchase. The current proceeds from the redemption are USD $27,859, and the current CAD/USD exchange rate is 0.7353.

How much will Francis receive in Canadian dollars when he redeems the Funds? Please round your answer to the nearest dollar.


A.

$37,888


B.

$36,698


C.

$42,861


D.

$35,859


Get Premium CIFC Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.