Reinsurance can be used to provide protection against catastrophic loss.

a. true
b. false

Ans: a. true

Business

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DMC3 Inc. will pay no dividend for 2016 or 2017. At the end of 2018, it will pay a dividend of $1.50

Thereafter dividends will grow at 4% per year. The required rate of return is 10%. The intrinsic value of DMC3 shares is (assume you are at the beginning of 2016) A) $34.61. B) $26.00 C) $24.91. D) $20.66.

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