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The Valuation of Victory Bonds held to Pay Estate Duty

Published online by Cambridge University Press:  18 August 2016

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Type
Actuarial Notes
Information
Journal of the Institute of Actuaries , Volume 51 , Issue 4 , October 1919 , pp. 362 - 364
Copyright
Copyright © Institute and Faculty of Actuaries 1919

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References

page 363 note * Mr. Lidstone, who independently investigated the problem on similar lines, points out that the result may be put into the following form, where j=the rate of interest on the bond and z the initial annual rate of the sinking fund:—

In the present case j = ·01 ; z= 005, and the result at the outset is l·125a–·125a'.–EDS. J.I.A.