Question 3 5 pts Firm A has a distribution as below: Loss Probability $2,000,000 0.01...
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Question 3 5 pts Firm A has a distribution as below: Loss Probability $2,000,000 0.01 600,000 0.05 200,000 0.94 It decides to purchase an insurance coverage with a deductible of $500,000. What is the actuarially fair premium of the coverage? $38,000 $38,500 O $20,000 O $238,000
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