1. Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year...
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1. Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year from theft, collisions, etc. If 30% of premiums are used to cover expenses, what premium must be charged to car owners?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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