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Question - Sef Ty wants financial security against unforeseen events, thus, he pays the premiums on the following insurance products.
Local life insurance with PhilamDeath (20% of premium paid to reinsurer) 20,000
Fire insurance from local insurance business 50,000
Foreign Retirement insurance from an insurance agent 10,000
Foreign direct insurance 15,000
How much is the percentage tax arising from all insurance premiums above?
At the end of 2008 it had a market value of $224 million, or 1.6 times book value. What was the rate of return from investing in the stock
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