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2. For a fully discrete 2-year term life insurance on (50), you are given: a. Cash flows are annual. b. The annual gross premium is

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2. For a fully discrete 2-year term life insurance on (50), you are given: a. Cash flows are annual. b. The annual gross premium is 250. c. The annual hurdle rate for profit calculation is 10%. d. The profit vector is (-165, 100, 125). e. The profit margin for this insurance is 6%. Calculate the probability that (50) will survive one year

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