Capitalization is:
a. a mathematical process for converting net income into an indication of value
b. commonly used in the income approach to value
c. the par value of the stock of a corporation plus the face amount of outstanding bonds and loans
d. all of the above
Answer: d. all of the above
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Lightning damages several valuable trees on the insured's property. This loss is
A) covered under the Loss of Use coverage of the homeowners policy. B) covered for up to 5% of the Coverage A limit in the HO-2, HO-3, HO-5, and HO-8 and up to 10% of the Coverage C limit in the HO-4 and HO-6, with a maximum of $500 per tree. C) covered by adding a valuable tree and shrub endorsement to a homeowners policy. D) covered for up to 10% of Coverage A on all homeowners forms with no more than $1,000 per tree.
Information gathered from social media is used to ________
A) understand the market B) answer clients' concerns C) connect to consumers and potential participants D) conduct online research E) all of the above