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Author Question: John purchased an unendorsed Homeowners 3 policy. The coverage will expire next month. Which of the ... (Read 39 times)

jake

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on: Jul 11, 2018
John purchased an unendorsed Homeowners 3 policy. The coverage will expire next month. Which of the following changes will lower the premium that John will pay?
 
  A) reducing the deductible
  B) adding a replacement cost endorsement for personal property
  C) switching to an HO-2 policy
  D) adding a personal injury endorsement

Question 2

The value of a bond investment, which provides fixed interest payments, will increase when
  discounted at an 8 rate rather than at an 11 rate.
 
  Indicate whether the statement is true or false
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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cegalasso

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

TRUE


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