A life insurance company purchases 1 billion of corporate


A life insurance company purchases 1 billion of corporate bonds from premiums collected on its life insurance policies. therefore

The corporate bonds are direct securities and the life insurance policies are direct security.

The corporate bonds are indirect security and the life insurance policies are indirect securities.

the corporate bonds are indirect security and the life insurance policies are direct securities

the corporate bonds are direct securities and the life insurance policies are indirect security.

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Financial Management: A life insurance company purchases 1 billion of corporate
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