Calculate how much the stillmans would receive

Assignment Help Finance Basics
Reference no: EM13686571

Last yea, Paul and Joanna Stillman bought a home with a dwelling replacement value of $250,000 and insured it (via an HO-5 policy) for $210,00. The policy reimburses for actual cash value and has a $500 deductible, standard limits for coverage C items, and no scheduled property. Recently, burglars broke into the house and stole a two-year-old television set with a current replacement value of $600 and an estimated useful like of eight years. They also took jewelry valued at $1,850 and silver flatware valued at $3,000.

a. If the Stillman''s policy has an 80 percent co-insurance clause, do they have enough insurance?

b. Assuming a 50 percent coverage C limit, calculate how much the Stillmans would receive if they filed a claim for the stolen items

c. What advice would you give the Stillmans about their homeowner''s coverage?

Reference no: EM13686571

What is the ytm

Vorlon, Inc. has a 15-year bond issued 6 years ago with a coupon rate of 6.75%. The bonds make annual coupon payments. If these bonds currently sell for 95.5% of par val

University in maryland works on a new lms system

A well known university in Maryland works on a new LMS system, The management anticipates that new system will have the first year revenues of $400,000 with subsequent

Outstanding bonds

Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,001.73 today and your required rate of return wa

What is the market value of the bond

Knight, Inc., has issued a three-year bond that pays a coupon of 5.50 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.10 percent, wh

Business ethics by maryann haggerty

Explain your stance on this issue. Choose one other issue that caught your interest in the article. Explain how this issue is important in increasing ethical behavior in the

What must municipals offer for the investor

An investor is in a 30% combined federal plus state tax bracket . if corporate bonds offer 9% yields, what must municipals offer for the investor to prefer them to corpora

Stocks are generally regarded as being risky investments

Stocks are generally regarded as being risky investments. According to the CAPM, is it possible for a stock to have an expected return that is less than the risk-free rate? Ex

What is tamparuli inc. debt ratio

Tamparuli Inc. has a total equity of RM560,000; sales of RM2,250,000; total assets of RM995,000; and current liabilities of RM310,000. What is Tamparuli Inc.'s debt ratio?


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd