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no additional details Suppose a life insurance company sells a $260,000 one-year term life insurance policy to a 21-year-old female for $330. The probability that

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Suppose a life insurance company sells a $260,000 one-year term life insurance policy to a 21-year-old female for $330. The probability that the female survives the year is 0.999506. Compute and interpret the expected value of this policy to the insurance company. The expected value is $. (Round to two decimal places as needed.)

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