Question

A corporation is having a shareholders meeting.Not all shareholders are able to attend.In fact, most usually do not.The ownership of the corporation is represented by 2,351,000 shares of stock owned by 111,273 shareholders.

A.) must all of the shareholders own more than one share of stock?
B.) If 3,411 shareholders are represented?Round to the nearest percent.
C.) If the shareholders who do attend own a combined 1.8 million shares of the corporation, what percent of the shares are represented at the meeting? Round to the nearest percent.

Answer 1

Not all shareholders need to own more than one share of stock. When 3,411 shareholders are represented, it is approximately 3.06% of the total shareholders. When the attending shareholders own 1.8 million shares, it represents approximately 76.6% of the total shares.

Step-by-step explanation:

A.) Not all shareholders must own more than one share of stock. In fact, some shareholders may own only a fraction of a share.

B.) To determine the percentage of shareholders represented, divide the number of represented shareholders (3,411) by the total number of shareholders (111,273), then multiply by 100. This gives a percentage of approximately 3.06%.

C.) To determine the percentage of shares represented at the meeting, divide the number of shares owned by attending shareholders (1.8 million) by the total number of shares (2,351,000), then multiply by 100. This gives a percentage of approximately 76.6%.