Find the premium refund due to Keona after she canceled a fire insurance policy that had been in force for only 2 months. Her annual premium was $427.00. Use the short-rate premium factors in Table 19-5 from your text. (Round your answer to the nearest cent)
A) $157.58
B) $225.00
C) $384.60
D) $298.90
Correct Answer:
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