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associated with such a loss is 0.25. If the risk-free interest rate is 5.0% and the expected return of the market is 11.0%, what is

associated with such a loss is 0.25. If the risk-free interest rate is 5.0% and the expected return of the market is 11.0%, what is the actuarially fair insurance premium? The actuarially fair insurance premium is $ million. (Round to two decimal places.)

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