Insurance offers consumers A. protection from the costs of unplanned events.
B. a guarantee that a business will succeed.
C. income to help start a new business venture.
D. full reimbursement after business setbacks.

Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00