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L is the loss random variable for a full-discrete, 2-year term insurance of 1 issued to (x) The premium is calculated using the equivalence principle.

L is the loss random variable for a full-discrete, 2-year term insurance of 1 issued to (x) The premium is calculated using the equivalence principle. 4x = 0.1 4x+1 = 0.15 P = 0.95 Calculate Var(L)

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