Insurance companies never know the exact amounts of their future payouts. So, why do they hold large
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Insurance companies never know the exact amounts of their future payouts. So, why do they hold large amounts of long-term, relatively illiquid assets, such as corporate bonds, that may be difficult to sell quickly if they need to make payments to policyholders?
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Related Book For
Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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