Provide definitions and formulas (where appropriate) for the following terms:

1. Hostile Takeover 

2. Capital Asset Pricing Model

3. Fair Value Accounting 

4. Enterprise Value 

5. EPS 

A 10-year deferred annuity-due issued to (x) includes a failure benefit during the deferred period that is a refund of the net single premium with interest at the same rate i used to calculate the premium. The terminal reserve at the end of year 9 is 15.238 and the interest rate is i = 0.05. Calculate the net single premium. Notation: Contract designations appearing to the right of the symbols for the future loss random variable at time t, L, and the policy value at time t, V, indicate that the corre- sponding quantities are defined assuming the unit benefit amount and that the premium is equal to the net level premium. For example, L, = Z+t - Pt where P = P, and where P- Pem etc. Vi - At- Patia- t