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Assume that upon the death of her husband, Susan can receive a $1,000,000 death benefit from his life insurance policy or she can receive a
Assume that upon the death of her husband, Susan can receive a $1,000,000 death benefit from his life insurance policy or she can receive a payment of $5,750 at the beginning of each month for the next 15 years until Susans actuarially expected death.
What is the required return the insurance company is offering her?
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