Question: true or false; When PDQ Computers announced bankruptcy, its share price fell from $ 3 . 0 0 to $ 0 . 0 per share.

true or false; When PDQ Computers announced bankruptcy, its share price fell from $3.00 to $0.0 per share. There were 10 million shares outstanding. Thus, the cost of bankruptcy for the firm is roughly $(3.00-0.0)*10m=$30 million.

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