I had previously launched both games before attempting to launch CO - as per instructions in trying to install the DayZ mod. This image is what my A2OA directory currently looks like:
All that I had done to it was the @DayZ folder (Put into place only after Arma II and A2OA had been launched once) and the beta patch, which had only been installed after both Arma II and A2OA had been previously launched and after I had previously attempted to solve the problems using the above steps.
::Edit:: Just wanted to say thank you for helping! No shortcut was made though by the game, neither originally, nor when I tried launching them both in that order again.