D
dimitris13
Member
Hi,
the book says that the profit retained is specified as
(EAS-SV')+(SV'-SV")
and also says:
if SV assumptions exactly represent future experience then the total profit retaines will be the same as if the contract had not been surrendered.
how this is translated by the the equation ?
Thanks
D
the book says that the profit retained is specified as
(EAS-SV')+(SV'-SV")
and also says:
if SV assumptions exactly represent future experience then the total profit retaines will be the same as if the contract had not been surrendered.
how this is translated by the the equation ?
Thanks
D