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33. Consider the following loss distribution: GH0 with probability 0.95 GH250 with proability 0.03 L= = GH5000 with proability 0.015 (GH50000 with proability 0.005 There
33. Consider the following loss distribution: GH0 with probability 0.95 GH250 with proability 0.03 L= = GH5000 with proability 0.015 (GH50000 with proability 0.005 There is GH5000 deductible, 25% coinsurance and GH40000 policy limit, what is discounted expected claim cost. Use 10% rate of interest. a) GH170.45 b) GH168.63 c) GH153.41 d) GH136.36 e) GH142.86
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
