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Yves has been holding units in the Elite Inc. mutual fund for over 3 years....

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Finance

Yves has been holding units in the Elite Inc. mutual fund for over 3 years. At the time, he used all of his savings and invested $5,000 at $20.00/unit. When Yves purchased the mutual fund, his investment adviser told him that Elite Inc. was a front-end loaded mutual fund at 4%. Yves decided to sell all the units on April 24, 2023, when Elite Inc. reached $25.75/unit. What is Yves's taxable capital gain that he must report in his 2023 tax return for the sale of this mutual fund?

Select one:

a.

$1,380

b.

$690

c.

$1,180

d.

$719

e.

$1,438

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