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Product design objectives for a new product focus on risk parameters, pricing parameters, and marketing costs. The types of risk that insurance companies consider when developing product design objectives typically include
A. Persistency risk
B. Legal and regulatory risk
C. Expense and inflation risk
D. Financial and investment risk
A. A, B, C, and D
B. C, and D only
C. A, C, and D only
D. A and B only