Question: Question 3 (a) Explain how a mean variance strategy could be used as a retirement income drawdown strategy. (h) (i) Find the annuity unit cost

Question 3 (a) Explain how a mean variance strategy could be used as a retirement income drawdown strategy. (h) (i) Find the annuity unit cost and hence the total purchase price of the annuity within this strategy. (ii) Find the expected accumulation of the remainder of the lump sum at the end of the guaranteed income years

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