Suppose you own $175,000 worth of personal property,$15,000 in U.S.government bonds;a $20,000 savings account,a $50,000 CD,and $5,000 of California Edison stock.If California Edison goes bankrupt,the most you could lose is

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Quizplus · Accepted Answer

The question is asking for the most amount of money that could be lost if California Edison goes bankrupt. Since the other assets listed are not related to California Edison, they will not be affected if the company were to go bankrupt. Therefore, the most that could be lost is the value of the California Edison stock, which is $5,000.

Suppose You Own $175,000 Worth of Personal Property,$15,000 in U