Question 9 (1 point) An investor purchases a segregated fund with a guarantee worth $70,000. The investor utilizes reset option after on the first anniversary of purchase when the market value of the find is $80,000. The investor unfortunately dies in the fourth year when the market value of the fund is $55,000 What amount will the beneficiary receive as a death benefit? $45,000 10,000 O 15.000 $25,000 Question 10 (1 point) If a mutual fund trust with 600,000 units outstanding earns $80,000 in interest and $20,000 in dividends. How much investment income will a unit-holder with 100 units receive? a) $6.00 Ob) $6.67 Oc) $10 5.67 d) $16.67 Question 11 (1 point) If a hedge fund has a hurdle rate of 5%. It means that the Manager of the Hedge Fund will earn Incentive fee only if the return on the fund is more that 5% True False