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1. (, 10- $156 293).
2. (, () $296 994, 55- ).
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1. (1 + n)/2 . , n=13 (1 + 13)/2 = 7. n=24 (1 + 24)/2 = 12,5 12.
2. 1 2. . ; n = 13 (1 + 7)/2= 4. n=24 (1 + 12)/2 = 6,5, 6 7.
3. (n +1).
. , n = 13 . (13 + 1)- 4 = 10. n = 24 (1 + 24) - 6,5 =18,5, 18 19.
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Equitable * Bear Steams * First Financial Mgmt * Merrill Lynch * Travelers * American Intl. Group Schwab (Charles) Dean Witter Discover American Express Marsh & McLennan Progressive American General Loews Torchmark Household International Aflac Cigna Great Western Financial Transamerica General RE Chubb AON St. Paul CAN Financial Providian Jefferson-Pilot Aetna life & Casualty First USA Salomon Golden West Financial Cincinnati Financial Allstate Block (H&R) Franklin Resources Safeco Equifax Unintrin Berkshire Hathaway | 38 -. = 7730000 29 - =2101000 =1497500, 19,5 10 - =1000000 1 -. = 100000 |
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n=38 , , (1 497 500) (1+38)/2 = 19,5 Transamerica ( 19) General RE ( 20). (1 000 000) (1 + 19)/2 = 10 , Salomon. (2 101 000) (38+1)-10 = 29 Marsh & McLennan.
? , , 2 101 000+1,5 * (2 101 000 - 1 000 000) =3 752 000, . , ( Equitable, Bear Steams, First Financial Mgmt, Merrill Lynch, Travelers) . , , , 1 000 000 - 1,5 * (2 101 000-1 000000) =- 651 500, . 100 000, . 38 . 4.2.2. (, ), .
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