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(a) Explain what is meant by a negative reserve. (b) Provide an example how negative reserves may arise on an insurance contract. (c) Briefly explain
(a) Explain what is meant by a negative reserve. (b) Provide an example how negative reserves may arise on an insurance contract. (c) Briefly explain the disadvantage to the insurance company of issuing such a policy
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
