If the cost of insuring your house is $1 per $1,000 of value, what will be the

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If the cost of insuring your house is $1 per $1,000 of value, what will be the certainty equivalent of your end-of-year wealth if you insure your house at:
a. ½ its value.
b. Its full value.
c. 1½ times its value.

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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