An insurance company is trying to sell you a retirement annuity. The annuity will give you 25 payments with the first payment in 14 years when you retire. The insurance form is asking you to pay $58,000 today. If this is a fair deal, what must the payment amount be (to the dollar) if the interest rate is 6%? $10.422 $12,824 $5,093 $11,874 $9,677 The particular security's rate of return is 8.5%. Assume for all securities, the expected inflation is 1.7%, the real risk-free rate is 3.8%. The security's liquidity risk premium is 0.15%, and maturity risk premium is 0.95%. What is the particular security's default risk premium? 1.99 20% 1.5% 2.4%