Question 34 (1 point) Moose Pastures Inc (MPI) believes it would suffer a $10 million dollar loss if there was a flood of its pasture lands. Management estimates there is a 1% probability of a flood in the next year. If the risk free rate is 4%, the return on the market is 7%, and the appropriate beta is -0.25, what is the actuarially fair premium? 97,799 97,561 96,154 96,852