Gurjinder has $1.5 million invested in securities and cash with XYZ Investment Inc., when XYZ declares bankruptcy. At the time, the market value of accounts was $500 million, but the amount available for distribution was only $450 million. How much would Gurjinder receive from CIPF?

a) $0.

b) $ 50,000.

c) $ 150,000.

d) $1,000,000.