Question
Junior has an accident where he is at fault. His automobile insurance coverage is 50/100/15. Two people were hurt and the court awarded them $70,000
Junior has an accident where he is at fault. His automobile insurance coverage is 50/100/15. Two people were hurt and the court awarded them $70,000 each for injuries in the accident. a) How much will the insurance company pay of those "awards?" b) How much will Junior have to pay himself?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
