Bill's Office Building with a $200,000 Value Has a Rating

question 45

Short Answer

Bill's office building with a $200,000 value has a rating of 1 with a building classification of B. The contents in the building are valued at $90,000. What is the total annual premium?

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Definitions:

Annual Dividend

The total dividend that a company pays to its shareholders in a single fiscal year.

Zero Growth Stock

Zero growth stock is a type of stock for which the dividends are expected to remain the same, with no expected growth in payouts over time.

Required Rate

The minimum annual percentage return that an investor expects or requires from an investment, considering the risk involved.

Maximum Price

The highest price a buyer is willing to pay for a good or service or the highest price allowed by regulation.