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20) You own the market index. You just bought an insurance contract that, held with your investment in the market index, promises you a minimum
20) You own the market index. You just bought an insurance contract that, held with your investment in the market index, promises you a minimum payoff of $1700 no matter what. What is the expected return of this insurance contract? a) -14.3% b) -12.1% c) -5.3% d) 14.3% 25.3%
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