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You have estimated the payout of your company's December 31, 1991 accident year liability loss reserve to be as follows Assuming all future payments are
You have estimated the payout of your company's December 31, 1991 accident year liability loss reserve to be as follows Assuming all future payments are made at midyear, and an expected future investment yield of 8%, what average Macaulay duration of assets do you need in order to duration match your auto liability portfolio
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