Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

A drunk driver ran a red light and smashed into Kristen's car. The cost to repair the car is $8000. She has collision insurance on her car with a $500 deductible.

a. Can Kristen collect from both the negligent driver's insurer and her own insurer? Explain your answer.

b. Explain how subrogation supports the principle of indemnity.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91772333

Have any Question?


Related Questions in Basic Finance

A young couple decide to take advantage the current

A young couple decide to take advantage the current first-time home buyer credit and buy a new house. With their combined income, they can afford to make a maximum of $800 monthly payment. With their credit history, they ...

1 what special problem do off-balance-sheet activities

1. What special problem do off-balance-sheet activities present to bank regulations? (200words) 2. With respect to off-balance-sheet activities, what have bank regulator done about it? (200words)

Canadian-based mining company el dorado gold ego suspended

Canadian-based mining company El Dorado Gold (EGO) suspended its dividend in March 2016 as a result of declining gold prices and delays in obtaining permits for its mines in Greece. Suppose you expect EGO to resume payin ...

General mills has a 1000 par value 15-year to maturity bond

General Mills has a $1,000 par value, 15-year to maturity bond outstanding with an annual coupon rate of 8.01 percent per year, paid semiannually. Market interest rates on similar bonds are 8.15 percent. Calculate the bo ...

What is the price of a 1000 par value bond with an 8 coupon

What is the price of a $1,000 par value bond with an 8% coupon rate paid semiannually, if the bond is priced to yield 4% and it has 15 years to maturity?

What is the difference between earnings per share and pe

What is the difference between Earnings per Share and P/E ratio? What do they measure?

Let us consider a 5 million position in silver in addition

Let us consider a $5 million position in silver. In addition, let us consider that the returns of gold are normally distributed (Gaussian) . The standard deviation of silver returns on a daily basis is 0.45%. How much ca ...

Assignment -the aim of the first assessment item is

Assignment - The aim of the first assessment item is exploratory, showing in-depth understanding and comprehension of a given topic and key concepts. It aims to test your ability to digest and explain complex issues and ...

A work-at-home opportunity is available in which you will

A work-at-home opportunity is available in which you will receive 3 percent of the sales for customers you refer to the company. The cost of your "franchise fee" is $600. How much would your customers have to buy to cove ...

Would you pay 23 for a share of common stock that just paid

Would you pay $23 for a share of common stock that just paid a $1.65 dividend, its expected growth rate is 4% and your required return is 11%?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As