What should tell icahn about being able to purchase

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Reference no: EM132797047

You have a friend, Icahn Betitall, who just started a small business. He is paying a hefty premium for insurance against the risk of loss on fire, theft, liability, and business interruption. Icahn also has policies for life, health, and automobiles. Icahn is planning a trip to Las Vegas. He plans to contact his agent and obtain a policy on risk of losing his money at the blackjack table.

Problem a. What should you tell Icahn about being able to purchase such a policy?

Problem b. What are several methods that Icahn can choose to manage his risk exposure in Las Vegas?

Reference no: EM132797047

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