Suppose you own $50,000 of personal property,$5,000 of stock in General Statics Corporation,a $10,000 savings account,and $20,000 of government bonds.If General Statics goes bankrupt,the most you could lose is:

Question

Quizplus · Accepted Answer

Since the stocks in General Statics Corporation are the only assets that are at risk in this scenario, the maximum loss would be the value of the stocks, which is $5,000. The other assets are not affected by the bankruptcy of a single company.

Suppose You Own $50,000 of Personal Property,$5,000 of Stock in General