2. Helen's total financial wealth consists of her $1,000,000 home in St. Helena, CA. She faces a 5% annual risk that fire destroys her home, in which case her wealth would be reduced to the $400,000 value of the land on which her house is built. Helen's utility function over wealth is U(W) = In W. are ZA Write down Helen Sunport b. Find an expression for Heler Vemme wealth into fire occurs" as "good C. Find an expression or Helen's bade KUSIRRishermet at the (actuarial me Avant Riire... Note that, at this price for insurance each avseven purchased represents a trade of 0005 of wealth --ano E$0.95 or wealth in the event of fire.) e. d. What is the slope of Helen's budget constraint? What two conditions hold at Helen's expected utility-maximizing contingent wealth bundle? f. What contingent wealth bundle does Helen choose to maximize expected utility? How much does Helen spend per year on fire insurance to purchase this bundle? g. Repeat parts (c)-(f) if insurance has the (actuarially unfair) price of $0.06 per $1 of coverage in the event of a fire. (Hint: You will not get round numbers in this part.)