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Tracy invests $12,000 in a five-year PPN linked to the S & P/TSX 60, with...

Tracy invests $12,000 in a five-year PPN linked to the S & P/TSX 60, with a participation rate of 75% and a performance cap of 27%. On the issue date of the PPN, the index level was 825, and at the PPN ' s maturity, the level was 1,200. How much will Tracy receive upon the PPN ' s maturity?

A.

$14,813

B.

$17,455

C.

$16,091

D.

$15,240

CSI CSC2 Summary

  • Vendor: CSI
  • Product: CSC2
  • Update on: Jul 6, 2026
  • Questions: 232
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