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An insurance policy charges a regular risk premium, X, at Years 0,1,2,3,...,9 from today. The policy pays a claim of X2 (i.e. X X X
An insurance policy charges a regular risk premium, X, at Years 0,1,2,3,...,9 from today. The policy pays a claim of X2 (i.e. X X X ) in 15 Years from today. Calculate the value of X (to 2 decimal places), assuming an interest rate of 2% per annum
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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
