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Norma deposited $40,000 into a segregated fund 3 years ago that had a 75% maturity guarantee, a 10 year maturity, and offered an automatic reset.

Norma deposited $40,000 into a segregated fund 3 years ago that had a 75% maturity guarantee, a 10 year maturity, and offered an automatic reset. Last year, the segregated fund had grown in value to $51,000. However, now a year later, the fund is valued at $38,500. Which of the following statements about Norma's segregated fund is CORRECT?
  1. The maturity guarantee of the fund is $38,250.
  2. The segregated fund matures in 7 years.
  3. The maturity guarantee of the fund is $28,875.
  4. The segregated fund matures 9 years.
a) i and ii
b) ii and iii
c) i and iv
d) iii and iv

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