Do these GICs consider divedends when calculating the growth?
RBC MarketSmart
http://www.rbcroyalbank.com/products...rketsmart.html
CIBC Market Linked
https://www.cibc.com/ca/structured-n...C_adgrpMLGIC-E
TD Market Growth
http://www.tdcanadatrust.com/product...rowth-gics.jsp
Canadian Growth ActionGIC
https://www.laurentianbank.ca/en/per...investissement
i.e. it does simple growth calculations market index at x at the time of purchase then it is at y at time of redemption so total growth percentage (y-x)/x or instead it counts for all dividends (y+dividends-x)/x??
Is there a link that shows real examples with calculations? and I need to buy these directly from banks not through a broker. correct?
RBC MarketSmart
http://www.rbcroyalbank.com/products...rketsmart.html
CIBC Market Linked
https://www.cibc.com/ca/structured-n...C_adgrpMLGIC-E
TD Market Growth
http://www.tdcanadatrust.com/product...rowth-gics.jsp
Canadian Growth ActionGIC
https://www.laurentianbank.ca/en/per...investissement
i.e. it does simple growth calculations market index at x at the time of purchase then it is at y at time of redemption so total growth percentage (y-x)/x or instead it counts for all dividends (y+dividends-x)/x??
Is there a link that shows real examples with calculations? and I need to buy these directly from banks not through a broker. correct?