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Part I Lecture Related Works 1. The marginal tax rate of ABC Corp is specified as below: Taxable Income Tax rate $0-$5 10% $5 -

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Part I Lecture Related Works 1. The marginal tax rate of ABC Corp is specified as below: Taxable Income Tax rate $0-$5 10% $5 - $10 20% $10 - 30% A firm has its taxable income as the following: Probability Pre-lax income 0.1 $20m $50m (1) Assume the company could purchase a zero-loading insurance policy. What is the premium of the insurance policy? 0.9

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