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Using the pure premium method, please calculate the premium required given the following: Assume that there are ( 2 6 , 1 7 8

Using the pure premium method, please calculate the premium required given the following:

Assume that there are

\ (26, 178, 539 \)

automobiles in a given underwriting class that generate a loss adjustment expense of

477, 949 .

What is the gross rate charge to nearest penny

_

please when the expense ratio is

0.26 ?

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