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2013-05-23 12:21
求翻译:, the equity holders will declare bankruptcy and the policyholders will walk away with the remaining assets. As we will show in Section 3, since the company invests the premium received in the hedging portfolio, and given that the latter is a super-replicating portfolio, in case of defaults, its value will be worth at 是什么意思? 待解决
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, the equity holders will declare bankruptcy and the policyholders will walk away with the remaining assets. As we will show in Section 3, since the company invests the premium received in the hedging portfolio, and given that the latter is a super-replicating portfolio, in case of defaults, its value will be worth at
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