Question
28. Mr Lee, aged 45 years, purchased a Medical Insurance policy with the following breakdown in the policy premium: (i) MediShield Life component = S$1,000
28. Mr Lee, aged 45 years, purchased a Medical Insurance policy with the following breakdown in the policy premium:
(i) MediShield Life component = S$1,000
(ii) Integrated Shield Plan by private insurer = S$700
Calculate the amount of premium payable by cash.
A. S$100
B. S$700
C. S$1,000
D. S$1,700
The answer is A. Can you show me the computation?
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
