Bob's future wealth is random. If he has no accident, his wealth will be $2,000,000. But he has a probability of 0.05 percent of having an accident, which would reduce his wealth to $1,000,000. Bob's utility of wealth is shown in the table below. Interpolate if necessary! Wealth [Dollars) Utility 1,000,000 200 1,100,000 1,000 1,200,000 1,700 1,300,000 2,300 1,400,000 2,800 1,500,000 3,200 1,600,000 3,500 1,700,000 3,700 1,800,000 3,800 1,900,000 3,860 2,000,000 3,900 33. The minimum premium an insurance company would charge Bob to insure his wealth would be: a) $50.00 b) $500.00 c) $5,000 d) $50,000 34. The maximum insurance premium Bob would pay to insure his wealth would be: a) 2,545 b) 3,895 c) 4,625 d) 5,475 e) 52.405