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Problem 1: HyunJi purchased 3000 shares of a company's stock for $7 per share. Her purchase represents a 10% ownership in the firm. The shares have increased in value to today's market value of $23 per share. Assume the company goes bankrupt and owes $870000 more in debts than the firm can pay after liquidating all of its assets. What is the maximum loss per share HyunJi will incur on this investment?
Multiple choice
Option 1: $7 per share
Option 2: $15 per share
Option 3: $0 per share
Option 4: $29 per share
Option 5: $23 per share
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