IFSE - CIFC - Formulas to Memorize 100% Correct

IFSE - CIFC - Formulas to Memorize 100% Correct Coupon Payment [(face value x coupon rate) / number of payments per year] Current Yield (Coupon Payment / Market Price) x 100 NAVPU (Total assets - total liabilities) / number of units outstanding Number of new units Income distribution / NAVPU MER (Total annual fund expenses per statement of operations / average net asset value for the year) x 100 Purchase Price per Share (Front-End Sales Charge) NAVPU / (1 - front-end sales charge) Benefits under Defined Benefit Pension Plans (DBPPs) (Accrual Rate) Average pensionable earnings x accrual rate x years of service RRSP Contribution Limit 1. 18% of the investor's previous year's earned income up to a max annual RRSP contribution limit PLUS 2. Any unused RRSP contribution limit as the end of the previous year MINUS 3. Net changes with respects to the investor's pension adjustment (PA) MINUS 4. Any past service pension adjustment (PSPA) PLUS 5. Any pension adjustment reversal (PAR) Minimum RRIF Withdrawals (prior to age 71) Market value of RRIF assets / (90 - age) Minimum RRIF Withdrawals (71 and over) Market value of RRIF assets x RRIF Factor Taxable Income Total Income - Tax Deductions Average Tax Rate (Tax payable / taxable income) x 100 Capital Gain Market price > cost Capital Loss Market price < cost