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Estate Planning – pg 152 Answer 2B in Solutions

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    • Avatar of adossa3adossa3
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        02 Apr 2018 at 9:34 pm
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        Thanks very much !

      • Avatar of daharmattan1daharmattan1
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          • CFA Charterholder
          01 Apr 2018 at 5:31 pm
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          The Beta = zero because it is a risk free asset. I think you can safely ignore the “although the annual spending cash flows are not riskless” part of the statement and then it becomes fairly clear.

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