Joan Raft had taken out an $80,000 fire insurance policy for her new shop at a rate of $0.81 per $100. Seven months later, Joan canceled the policy and decided to move the shop to a new location. What refund did she receive? (Round your answer to the nearest cent.)

Joan Raft had taken out an $80,000 fire insurance policy for her new shop at a rate of $0.81 per $100. Seven months later, Joan canceled the policy and decided to move the shop to a new location. What refund did she receive? (Round your answer to the nearest cent.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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