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Ilka invests $90,000 in the PTO American Growth Segregated Fund with a maturity guarantee of 75%. PTO Insurance Company becomes insolvent and Ilka makes a
| Ilka invests $90,000 in the PTO American Growth Segregated Fund with a maturity guarantee of 75%. PTO Insurance Company becomes insolvent and Ilka makes a claim for investor protection coverage. What amount will Ilka receive? | ||
| a) | $57,375 | |
| b) | $60,000 | |
| c) | $67,500 | |
| d) | $90,000 | |
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
