Any transaction in which new life insurance or a new annuity is to be purchased, and it is known or should be known that existing life insurance or annuity will be lapsed, forfeited, surrendered, or otherwise terminated is known as what type of transaction?

A. Absolute assignment
B. Replacement
C. Reinsurance
D. Unethical

Answer: B. Replacement

Business

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________ are created between the United States and foreign governments

Fill in the blanks with correct word

Business

Given the data below for the Zoom Corporation, its required return is

1. Beta = 0.8 2. Expected price appreciation = 7% 3. Market risk premium = 8% 4. Risk free rate = 4% 5. Next year's dividend = $1.00 6. Current market price = $50 A) 10.4%. B) 12.0%. C) 12.4%. D) 15.0%.

Business