$51.$Assuming $no$ movement $in$ the prices and charge$\frac{s}{f}$ees are deducted $a$

premium has been invested into the account, how much will the policy $n$

Bid Price $=Ps13\mathrm{.}00$

Bid Offer Spread $=4\%$

Single Premium $=Ps450,000$

Policy fee $=Ps1,800$

Admin and Mortality Charge $=3\%$

Sum assured $is200\%of$ single premium $or$ the value $of$ the

higher

$a.Ps43,400\mathrm{.}90$

$b.Ps33,246\mathrm{.}78$

$c.Ps22,500\mathrm{.}00$

$d.Ps15,299\mathrm{.}96$