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On October 6, 2016 Jenny purchased a $100,000 non-registered segregated fund that invests in Canadian equities. The segregated fund has a 10 year, 75% maturity guarantee. If this fund matures on October 6, 2026 with an account value of $80,000, how much will Jenny receive from the maturity guarantee? Select one: a. $100,000 b. $80,000

On October 6, 2016 Jenny purchased a $100,000 non-registered segregated fund that invests in Canadian equities. The segregated fund has a 10 year, 75% maturity guarantee. If this fund matures on October 6, 2026 with an account value of $80,000, how much will Jenny receive from the maturity guarantee? Select one: a. $100,000 b. $80,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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On October 6, 2016 Jenny purchased a $100,000 non-registered segregated fund that invests in Canadian equities. The segregated fund has a 10 year, 75% maturity guarantee. If this fund matures on October 6, 2026 with an account value of $80,000, how much will Jenny receive from the maturity guarantee? Select one: a. $100,000 b. $80,000 c. $0 d. $75,000
Transcribed Image Text:On October 6, 2016 Jenny purchased a $100,000 non-registered segregated fund that invests in Canadian equities. The segregated fund has a 10 year, 75% maturity guarantee. If this fund matures on October 6, 2026 with an account value of $80,000, how much will Jenny receive from the maturity guarantee? Select one: a. $100,000 b. $80,000 c. $0 d. $75,000
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