An individual who purchases an apartment building to rent to tenants faces both pure risk and speculative risk. Which one of the following is a pure risk? Available answer options Select only one option A The market value of the building may change B The interest rate on the mortgage may increase C The building may be damaged by a fire D The rental income may not cover expenses

Answer rating: 100% (QA)

C The building may be damaged by a fire Pure risk involves situations where th... View the full answer