Susan bought an installment refund life annuity for $100,000 under received an annual periodic payment of $10,000. At the time she bo annuity, her life expectancy was 15 years, but she lived for 30 years at, if anything, is payable to her beneficiary at her death? a. $100,000 b $10.000.

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.