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QUESTION
What is the fair premium for his risk, and will he be interested in purchasing this policy from Toni? Justify your answer. E. What is Floyd"s
What is the fair premium for his risk, and will he be interested in purchasing this policy from Toni? Justify your answer. E. What is Floyd"s expected utility if he buys the policy from Toni? F. Is there a value for the premium that would cause Floyd to change his mind about purchasing this policy?
