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4) Recall the GIC with Guts example that we discussed in class. The GIC has a maturity of 3 years and its payoff per a

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4) Recall the GIC with Guts example that we discussed in class. The GIC has a maturity of 3 years and its payoff per a $100 investment is as follows. Suppose the S&P/TSE 60 is currently 800. For an investment of $100, you'll get: TSE 60 in 3 years (IT) Less than 800 800

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