Nick owns 500 of the 100,000 shares available.
1 answer:
To get the percentage of how much Nick owns, we have to divide the part (500) by the whole (100,000) then multiply the product by 100.
500 / 100,000 = 0.005
0.005 × 100 = .5%
Nick is entitled to $2,500,000 × .5% = $12,500
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