In reinsurance, the insurance company who transfers its loss exposure to another insurer is the:

What is the present value of a lottery paid as an annuity due for twenty years if the cash flows are $250,000 per year and the appropriate discount rate is 7.50%?

A) $5,000,000.00 B) $3,186,045.39 C) $2,739,769.55 D) $2,548,622.84

In a replay attack, the attacker cannot read the contents of the replayed message

Indicate whether the statement is true or false.