Question
In: Finance
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1400 monthly. The contract...
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1400 monthly. The contract currently sells for $105443. What is the monthly return on this investment vehicle? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)
Solutions
Expert Solution
monthly return on this investment vehicle
=monthly payment/contract value
=1400/105443
=1.33%
the above is answer..
jeff jeffy answered 2 years agoRelated Solutions
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