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Business, 05.05.2021 14:30 Rakeem458

XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type of insurance the pure premium XYZ actuaries calculated is $75 per unit.
If XYZ's expense ratio is 30%, what is the gross rate for this coverage?
O a. $107.14
O b. $96.28
O C. $85.19
O d. $115.62​

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