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    Joaquina's Avatar
    Joaquina Posts: 37, Reputation: 0
    Junior Member
    		  
    #1

    Jan 30, 2010, 12:08 AM
    What does co. means?
    Company or corporation?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    Jan 30, 2010, 12:35 AM
    Hi, Joaquina!

    It could mean either one of them, depending on the context in which it's used.

    What is the context in which it's being used, please?

    Thanks!
    Joaquina's Avatar
    Joaquina Posts: 37, Reputation: 0
    Junior Member
    		  
    #3

    Jan 30, 2010, 12:39 AM

    Thanks Clough,

    I have this scenario:

    2. You buy 1000 shares of ABC Co. at $6 per share. The company is sued for millions of dollars, and ABC Co. is forced into bankruptcy. The newspaper stated that the cost of this suit would amount to $12 per share of stock.

    Question:
    What is the maximum amount of money you can lose with this investment? Why?

    My answer is:
    The maximum amount of money I can lose is $6,000 (1000 shares x $6) because, as a corporation shareholder, I have limited liability and I can never lose more than what I invested even though the corporation has unlimited liability.

    But I am not sure if I am giving the correct interpretation...
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