Eleven years ago, Jean-Luc purchased 100 units in the TNG Segregated Fund, which has a 100% maturity guarantee, at a price of $15 per unit. One year after purchase, Jean-Luc reset the fund when the net asset value (NAV) per unit was $16.80. At maturity ten years later, Jean-Luc withdraws his entire segregated fund when the NAV is $14.75.  Assume there were no allocations, commissions, or fees

How much will Jean-Luc receive from the issuer? 

Answer rating: 100% (QA)

To calculate the amount JeanLuc will receive from the issuer we need to consider the different trans... View the full answer