Art Purchased 2,500 Shares of Delta Stock

Art purchased 2,500 shares of Delta stock.His purchase represents 10 percent ownership in the firm.His shares have increased in value from the $12 a share he originally paid to today's market value of $13 a share.Assume Delta goes bankrupt and owes $450,000 more in debts than the firm can pay after liquidating all of its assets.What is the maximum loss per share Art will incur on this investment?

A) $0 a share
B) $12 a share
C) $12.50 a share,computed as ($12 + $13) / 2
D) $13 a share
E) $18 share,computed as (10% × $450,000) / 2,500 shares