QUESTION:

In AUD to the nearest 0.5M, how much was the average premium paid (assuming the premium is the amount paid above the EV, multiplied by the stake taken)?

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Correct Answer: c)

EXPLANATION:

There is quite a bit of grunt work so you have to be quick. 


First, multiply all the premiums (%s) by the corresponding EVs and then by the stakes. Then, sum these numbers up. Then take the average of this sum.

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