haleyannJ6486 haleyannJ6486

25-04-2020
Business

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Jason owns a 1,250 sq.ft. cooperative apartment. The size of Jason's apartment is roughly 1/100th of the entire cooperative building. If the cooperative has 500,000 shares of stock to distribute among its shareholders, what is a reasonable amount of shares Jason would receive...?

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tanseershar tanseershar

26-04-2020

Answer:

5,000 shares based on apartment size as compared to entire cooperative building

Explanation:

Jason would receive shares=500,000*1/100=5,000

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