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  c) The insured must inform the insurer in writing of any change of circumstances which can increase the possibility of loss, injury or damage.

  d) The insurer and the insured have the right to cancel the policy if mutually agreed upon.

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  Which of the following statements regarding a Designated Market-Maker is FALSE?

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  Which of the following statements regarding Convertible Bonds is FALSE?

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  c) Holders of convertible bonds have a lower priority to claim the issuing company’s assets than investors in corporate bonds.

  d) They typically offer lower yields than corporate bonds.