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What is the value of a life insurance policy with a FACE value of $1.0, a fixed annual premium of $50,000 that was purchased for
What is the value of a life insurance policy with a FACE value of $1.0, a fixed annual premium of $50,000 that was purchased for 250K if the life expectancy is 5 years at a 20% discount rate? What about a 10% rate?
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
