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off a formula that's based off of how much the individual is in the money; it tends to reside between 30 ... if K is 100%. In each line this is increasing. TABLE 1 T\K 80 85 90 95 100 1/12 0.0001 0.0065 0.1304 ...- Authors: Hans U Gerber, Peter Tilley, Marshall C Greenbaum, Mary Hardy
- Date: Oct 2000
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities>Pricing - Annuities; Annuities>Variable annuities