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1. Larry invested $80,000 in a segregated fund in XYZ Insurance Company. The fund has a 75% guarantee. XYZ became insolvent. How much would Larry

1. Larry invested $80,000 in a segregated fund in XYZ Insurance Company. The fund has a 75% guarantee. XYZ became insolvent. How much would Larry get from the company? Show calculations and explanations. (10 Marks)

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