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A company has three buildings and the corresponding insurance: (() building A is covered by a property insurance of which maximum indemnity is $10,000; (ii) building B is covered by a property insurance of which maximum indemnity is $5,000; and building C is covered by a valued policy of which sum insured is $10,000. Unfortunately, all three buildings were damaged by a covered peril, and the value of each building decreased from $9116 to $1593. How much is the company paid by the three policies?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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