Question: Your client invests $5,000 in a principal-protected note (PPN). The PPN return will be determined by calculating the effective average return of the underlying common

Your client invests $5,000 in a principal-protected note (PPN). The PPN return will be determined by calculating the effective average return of the underlying common shares, and the maximum return attributed to any one share is 35%. What type of PPN has he purchased? Stock basket-linked PPN. Zero-coupon bond plus option. Index-linked PPN with a participation rate. Index-linked PPN with a performance cap

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