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Percentage yield per annum

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Sinita bought unit trusts and invested for income. She invested £42,000 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 she received income from the units of £9,744. This income was not reinvested in units.

Calculate:

(a) the number of units purchased

(b) the percentage yield per annum

(c) the (3 year) income per unit.

Reference no: EM131099136

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