Multiple Choice
John own shares worth an estimated $1 million in the LPL corporation.In addition, John has personal assets worth another $2 million.LPL becomes insolvent, with debts exceeding assets by $15 million.By what amount will John's personal wealth will decline?
A) $0
B) $1 million
C) $1.5 million
D) $3 million
Correct Answer:
Verified
Correct Answer:
Verified
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