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Assume that the probability of a25-year-old male living to age26, based on mortalitytables, is 0.991 . If a 6,000 dollarone-year term life insurance policy on
Assume that the probability of a25-year-old male living to age26, based on mortalitytables, is 0.991. If a 6,000 dollarone-year term life insurance policy on a25-year-old male costs 100dollars, what is its expectedvalue?
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