Question

If you own 2.08% of stock out of 48 million outstanding stock pool then what percentage will you own for 16 million outstanding stockholders

Answer 1

6.24%

Explanation:

The first step is to determine how much stock is owned when there are 48 million outstanding stock

`(2.08)/(100)`x 48 million = 0.9984 million

So, i own 0.9984 million shares.

If there are 16 million outstanding stock

(0.9984 / 16 million ) x 100 = 6.24%