Question: Mr . Sam had $ 4 0 0 , 0 0 0 in cash and securities with Lala land Investment Dealer. When it declares bankruptcy,

Mr. Sam had $400,000 in cash and securities with Lala land Investment Dealer. When it declares bankruptcy, the market value of the client's assets it held was $1,000,000,000; however it only had $800,000,000 in assets to pay off investors. Therefore, CIPF would compensate Mr. Sam in the amount of...
80,000
600,000
400,000
Insufficient information

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