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Evans buys unit trusts and invests for income. He invested £50,000 in a unit trust with an offer price of £125 per unit, and sold the units after 5 years at £162 per unit. During this period he received income from the units of £6,200. This income was not reinvested in units.

(a) Calculate

(i) the number of units purchased

(ii) the excess of income over expenditure

Reference no: EM131065980

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