Segregated Fund Assignment


Segregated Fund Assignment

Norma deposited $40.000 into a segregated fund 3 years ago that had a 75% maturity guarantee, a 10 year maturity, and offered an automatic reset. Last year, the segregated fund had grown in value to $$1,000. However, now a year later, the fund is valued at $58,500. Which of the following statements about Norma’s segregated fund is CORRECT?

1. The maturity guarantee of the fund is $38,250,

ii. The segregated fund matures in 7 years,

1. The maturity guarantee of the fund is $28.875

iv. The segregated fund matures 9 years.

i and ii

ii and iii

i and iv

iii and iv Get Finance homework help today

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