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A corn farmer has a revenue insurance policy that guarantees a revenue level of $960 per acre. The table below provides the risk profile for the farmer. Complete table below by calculating the indemnity payment for each weather condition scenario, and then calculate the fair premium for the policy. Yield Price Revenue Probability Weather Conditions Revenue Insurance Indemnity (bushels/acre ($/bushel) ($/acre) 0.05 Drought (very dry) 95 $8.00 $760 0.10 Dry 135 $6.50 $878 0.05 Flooding (very wet) 150 $6.00 $900 0.10 Wet 190 $5.00 $950 0.5 Normal 210 $4.80 $1,008 0.15 Above Average 240 $4.00 $960 0.05 Excellent 280 $3.50 $980 Fair Premium