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On the Determination, by Means of Bond-Value Tables, of the Rate Yielded by a Redeemable Bond When Income Tax is Taken into Account
Published online by Cambridge University Press: 18 August 2016
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- Actuarial Notes
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- Copyright
- Copyright © Institute and Faculty of Actuaries 1915
References
page 367 note * For terms under 3 years θ differs considerably from ⅔, but that value may nevertheless be used without causing any considerable error in the result because K is necessarily small in such cases.