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Moore Stores Has a Property Insurance Policy with an Annual

Question 118

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Moore Stores has a property insurance policy with an annual premium of $3,750. In recent months, Moore Stores failed four fire inspections, and filed three burglary claims against the policy. The insurance company has elected to cancel the policy, which has been in effect for 173 days. What is the regular refund due Moore Stores? (Round to the nearest cent)

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