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QUESTION
You buy 1,000 shares of ABC Hotels at $6 per share. Due to a salmonella outbreak at restaurants at 2 of ABC Hotel locations, ABC Hotels is sued for...
You buy 1,000 shares of ABC Hotels at $6 per share. Due to a salmonella outbreak at restaurants at 2 of ABC Hotel locations, ABC Hotels is sued for millions of dollars and is forced into bankruptcy. The newspaper stated that the cost of this suit would amount to $12 per share of stock. What is the maximum amount of money you can lose with this investment? Why?
