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Johnson Inc. owns an office building valued at $362,900. The fire insurance policy (with an 80% coinsurance clause) has a face value of $325,000. If
Johnson Inc. owns an office building valued at $362,900. The fire insurance policy (with an 80% coinsurance clause) has a face value of $325,000. If the building has a fire loss of $80,000, find the amount of the loss that the insurance company will pay.
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