The Market Mix GIC is a type of guaranteed investment certificate, of 3- or 5-year term, which offers a return based on a corresponding GIC rate and the performance of a basket of certain stock and bond market indices. To determine the rate of return, the percentage change in each index level from the initial level is calculated. Here the initial level is set two days after purchase, while the final level is set to the arithmetic average of the last 11 month-ending index levels and the level one day prior to maturity. The rate of return is then given by a weighted sum of the GIC rate and the percentage change in each index level described above, but bounded below by a minimum guaranteed interest rate. At maturity, the Market Mix GIC holder receives the invested principal plus the principal times this rate of return.