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  • Selecting an Investment Strategy
    well, because the casualty policyholder doesn't care about the value of the bonds. He wants the dent ... book-value basis as far as reserving, so that would take care of one of the problems that you identified in terms ...

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    • Authors: Frank J Alpert, Robert LaLonde, Steven W Guyer
    • Date: May 1991
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Finance & Investments>Investment strategy - Finance & Investments