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Assume all of the same information as in the prior two questions, but that now careful homeowners value of insurance is $3,500. Answer the following

Assume all of the same information as in the prior two questions, but that now careful homeowners value of insurance is $3,500. Answer the following true and false questions based on this new value of insurance for careful homeowners. At the price you previously calculated for homeowner insurance, now insurers can be expected to lose money on selling insurance.\ Question 4 Select one:\ \ a.\ True\ \ b.\ False

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