PEL myWSU Corporate Finance. Ranking A TOPICS in Microeco. Mergent Online-BL Path:p Word: QUESTION 3 Jackson has wealth of $120,000 and faces a 4% probability that he will get sick and lose $48,000, a. What is Jackson's expected wealth? b. What is Jackson's expected loss? C. What price would Jackson pay for an actuarially fair insurance policy that would reimburse him the full value of his loss? d. Suppose that Jackson's certainty equivalent is $115,500. What is Jackson's risk premium? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) T T T Arial 3 (12pt) TEE a) 04(72,000)+ 96(120.000) = 118,080 b) 04(48000) = 1920 d)