If the cost of insuring your house is 1 per 1,000 of value,what will be the certainty equivalent of your end-of-year wealth ifyou insure your

If the cost of insuring your house is £1 per £1,000 of value,what will be the certainty equivalent of your end-of-year wealth ifyou insure your house ata) ½ its value.b) Its full value.c) 1½ 2 answers