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Juan purchased an annuity and chose a growth fund in which to invest the funds held in the separate account. One year later, Juan decided
Juan purchased an annuity and chose a growth fund in which to invest the funds held in the separate account. One year later, Juan decided to change the type of securities in the separate account because he was unhappy with its performance. Based on this information, what annuity type does Juan own?
a variable annuity
b fixed immediate annuity
c indexed annuity
d fixed deferred annuity
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
