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Suppose You Own $15,000 of Personal Property, $5,000 of Stock

Question 22

Multiple Choice

Suppose you own $15,000 of personal property, $5,000 of stock in ABC Corporation, a $1,000 certificate of deposit, and $10,000 of government bonds. If ABC goes bankrupt, the most you could lose is


A) $31,000.
B) $26,000.
C) $15,000.
D) $5,000.

Correct Answer:

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