You own stock worth an estimated $1 million in the LPL corporation

ECONOMICS

Multiple Choice

You own stock worth an estimated $1 million in the LPL corporation. In addition, you have personal assets worth another $2 million. LPL becomes insolvent, with debts exceeding assets by $15 million. Your personal wealth will decline by

a.$0

b.$1 million

c.$1.5 million

d.$3 million

e.your proportion of the total outstanding stock shares times $15 million

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