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An auto dealer filed a report to its insurer showing auto values of $3 million. However, the actual value of the dealer's autos was $4

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An auto dealer filed a report to its insurer showing auto values of $3 million. However, the actual value of the dealer's autos was $4 million. The dealer then suffered a hailstorm loss of $500,000. Disregarding any deductible that may apply, how much would the insurer pay for the loss

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