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An insurance company's projected loss ratio is 79.2 percent, and its expense ratio is 13.5 percent. It estimates that dividends to policyholders will add another
An insurance company's projected loss ratio is 79.2 percent, and its expense ratio is 13.5 percent. It estimates that dividends to policyholders will add another 15 percent. What is the minimum yield on investments required in order to maintain a positive operating ratio? (Round your answer to 2 decimal places. (e.g., 32.16))
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