When the market rate of interest drops below a bond's coupon rate, the bond will sell at a premium

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Although companies use social media sites and Twitter, few of them employ individuals to monitor the sites

Indicate whether the statement is true or false

Business

Brian purchased an unendorsed Homeowners 3 policy. Under the policy, Brian's detached garage is also covered. Which of the following statements regarding coverage on the garage is true?

A) The garage is covered on a named-perils basis. B) Any losses to the garage are settled on an actual cash value basis. C) The cost of removing debris is included in the policy limit on the garage, but if the damage and cost of removing debris exceed the limit, an additional five percent of the policy limit is available. D) The garage is covered under the dwelling coverage, Part A.

Business