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ryzh [129]
3 years ago
6

Which of the following statements about the waiver-of-premium provision in life insurance is true?

Business
1 answer:
Verdich [7]3 years ago
7 0

Answer:

Correct Answer:

D) The disability must occur before a stated age, such as 65, for premiums to be waived.

Explanation:

In Life insurance, the individual insured against bad events that may likely occur in his or her life through an insurance company. This would led to the company to pay his beneficiary or the individual in question if such event happened.

<em>For waiver-of premium to occur in a life insurance,the disability of the individual must occur before the age of 65 years which is assumed to be the retirement age.</em>

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Answer:

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3 0
3 years ago
Gilmore, Inc., just paid a dividend of $3.05 per share on its stock. The dividends are expected to grow at a constant rate of 5.
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Answer:

intrinsic value: 49.50

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value in fourteen years: $ 104.75

Explanation:

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\frac{divends_1}{return-growth} = Intrinsic \: Value

D0 =  3.05

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\frac{3.21775}{0.12 - 0.055} = Intrinsic \: Value

Value: 49.50384615

<u>In the future will grow at the same rate as dividends:</u>

price in four years:         49.50 x (1.055)^4  =  61.32182021

price in fourteen years: 49.50 x (1.055)^14 = 104.7465274

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