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Uh, no. But the concept of investing doesn't really work. The actual investment, if any, in that case is the one penny purchase, which actually would make the
by mynameishere 16y ago
Uh, no. But the concept of investing doesn't really work. The actual investment, if any, in that case is the one penny purchase, which actually would make the returns higher still. You know, if you want to look at it that way, which no one does. A more practical way to look at it is in terms of "amount risked", which is infinite.
I suppose from an accounting point of view, the "amount invested" is actually x number of BP securities, just as you normally invest x number of Federal Reserve securities. It's just one kind of paper or another on one side of the balance sheet or the other.