Segregated Fund Assignment

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    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 Custom Essay Writing help today

    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 Custom Essay Writing help today