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1.5% per year, with a beta of 0.50. Genentech have to suffer if it were not insured to justify purchasing the insurance? The actuarially fair

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1.5% per year, with a beta of 0.50. Genentech have to suffer if it were not insured to justify purchasing the insurance? The actuarially fair insurance premium to cover Genentech's loss is s million. (Round to two decimal places.)

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