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Apex Fire enters into a surplus share reinsurance treaty with Geneva Re for fire insurance coverage. Apex Fire has a retention limit of $100,000 and four lines of insurance are ceded to Geneva Re. (8 points, 2 point each) a.A. Dump Inc. owns a building that is insured by Apex for $300,000 of coverage. The premium paid to Apex by A. Dump equals $6000. How much of $6000 premium is ceded to Geneva Re? b.Refer back to 2a. How much of the $6000 premium is held by Apex? c.Refer back to 2a. A. Dump Inc. suffers a $30,000 fire loss covered under the insurance policy. How much will Geneva pay for the fire loss? d.Refer back to 2a. A. Dump Inc. suffers a $30,000 fire loss covered under the insurance policy. How much will Apex pay for the fire loss?
On December 31, 2015, Berclair Inc. had 460 million shares of common stock-4 million shares of 9%, $100 par value cumulative preferred stock issued-outstanding
Woidtke Manufacturing's stock currently sells for $22 a share. The stock just paid a dividend of $3.50 a share (i.e., D0 = $3.50), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock price is expected 1 year from ..
Marginal Cost of Capital The McGee Corporation finds it is necessary to determine the firm’s Marginal Cost of capital. McGee’s current capital structure calls for 40% debt, 5% preferred stock, and 55% common equity.
One strategy was to use a “natural hedge” – meaning it would develop ways to spend money in the same currency as where sales were taking place
Tunney Industries can issue perpetual preferred stock at a price of $56.00 a share. The stock would pay a constant annual dividend of $5.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
Which type of insurance company generally takes on the greater risks: a life insurance company or a property and casualty insurance company?
Chamberlain Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 11 percent and a reinvestment rate of 8 percent on all of its projects. Year Cash Flow 0 –$ 19,500 1 7,930 2 9,490 3 8,970 4 7,210 5 – 3,980 ..
What should this do to the risk premium on Spanish government bonds?
Financial analysis-including ratio analysis to explain financial health/strength of the firms - Description of the business and analysis of its strategic position in the industry.
Provide the following journal entries at December 31, 2015 (year-end): Morgan Company paid accumulated costs for a trademark on March 10, 2014 on the books recorded as an intangible asset of $180,000. At December 31, 2014, the company assessed the va..
Zylon Corporation's stock is selling for $48 a share according to The Wall Street Journal.
Financial investors in all countries have the expectation that the spot exchange rate in 90 days will be 0.7100 euro/U.S. dollar. -Are investors expecting the euro will appreciate or depreciate during the next 90 days?
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