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Question 4 (2 points) Burnell organized his gift shop, Ebony Artifacts, as a corporation. He created 500 shares of stock, each worth $100. Burnell held 360 of the shares for himself. He sold the rest in
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Question 4 (2 points)

Burnell organized his gift shop, Ebony Artifacts, as a corporation. He created 500
shares of stock, each worth $100. Burnell held 360 of the shares for himself. He sold
the rest in equal amounts to seven investors. How many shares does each investor
own?

User Loegic
by
3.1k points

1 Answer

10 votes

Answer:

Each investor has 20 shares (worth $2,000.)

Step-by-step explanation:

User Seldary
by
3.5k points
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