What is the principle of indemnity?
A) A court precedent that gives insureds the right to sue their insurers if they get bad claims service
B) The rule that a person may not collect more than his actual loss in the event of damage caused by an insured peril
C) The rule that a person will not be reimbursed for a loss unless he can show proof of loss
D) A way of requiring a person to pay a premium
B
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Your neighbor owns a perpetuity of $100 per year that has a discount rate of 6% per year
He offers to sell to you all but the next 20 cash flows (the first to be received one year from today) for $500. In other words, he keeps the first 20 cash flows of his perpetuity and you get all of the rest. Is this a good price for you if the appropriate discount rate is 6%? A) No, because the entire perpetuity is worth only $1,666.67 and your neighbor is taking the best cash flows worth more than $1,200 in present value terms B) Yes, because the present value of the remaining cash flows is $519.68 and you are buying them for only $500. C) No, because the cash flows you receive are only worth $482.16 and that is less than the $500 your neighbor is asking for the cash flows. D) This question cannot be answered.
In general, the key to becoming a successful content provider is to:
A) own the content being provided. B) own the technology by which content is created, presented, and distributed. C) provide online content for free. D) provide other services as well as online content.