Consider the land valuation data provided in the table below which shows how the benefits and cost of land use are impacted by a catastrophic wind storm:

	No Storm ((90%)	Storm (10%)
Benefits	$2,000	$0
Costs	$1,500	$1,500
Net Benefits

Assuming a 5 percent interest rate, what is the expected price for land?

Group of answer choices

$10,500

$2,000

$300

$6,300

Consider the previous land valuation question. What is the actuarily accurate insurance premium

Group of answer choices

$0

$1,700

$200

$300

Consider the previous land valuation question again. Suppose government subsidizes the insurance premium by 75 percent. What is the value of land?

Group of answer choices

$1,550

$6,300

$450

$9,450