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Jean wanted to avoid the risk that her retirement income mig.pdf

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Jean wanted to avoid the risk that her retirement income might vary, so she purchased an immediate annuity providing fixed periodic payments for her lifetime. However, by doing so, which of the following risks did she assume? A) investment risk B) purchasing power risk C) credit risk D) call risk.

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Jean wanted to avoid the risk that her retirement income might vary, so she purchased an immediate annuity providing fixed periodic payments for her lifetime. However, by doing so, which of the following risks did she assume? A) investment risk B) purchasing power risk C) credit risk D) call risk

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