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Consider a portfolio of 10,000 independent policies of the type above, Suppose the company proceeds from a security level of = 0.85. Estimate the minimal

Consider a portfolio of 10,000 independent policies of the type above, Suppose the company proceeds from a security level of = 0.85. Estimate the minimal premium acceptable for the company.(The quantile q 0.85 , s= 1.036).

Group of answer choices

(1)6.13

(2)0.5324

(3)0.519

(4)0.5096

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