If your homeowners insurance premium is 1000 and your

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If your homeowner's insurance premium is $1,000 and your deductible is $2000, what could be considered the strike price of the policy if the home has a value of $120,000?

(a) $117,000

(b) $118,000

(d) $122,000

(e) None of the above.

Reference no: EM13484244

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