Setting an objective of gradual share decline with minimal investment to maximize short-run profits is known as:

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Indicate whether the statement is true or false

Which of the following statements is (are) true about a longevity annuity (longevity insurance)?

I. If the annuitant dies during the deferral period, the purchase price of the annuity is forfeited. II. Longevity insurance is an example of an immediate annuity. A) I only B) II only C) both I and II D) neither I nor II