A small company has 10,000 shares. Stephen owns 500 of these shares. The company decides to split its shares. What is Stephen's

Question

Artist 52 [7]

3 years ago

15

A small company has 10,000 shares. Stephen owns 500 of these shares. The company decides to split its shares. What is Stephen's

ownership percentage after the split?

Mathematics

1 answer:

Sergeu [11.5K] · Answer 1 · 2022-04-22T06:59:54+03:00

Sergeu [11.5K]3 years ago

7 0

So the company splits there shares now every thing doubles now there are 20,000 shares and you own 1,000 to find the answer you divide a

1,000 by 20,000 which will give you 0.05 then you multiply

0.05 by 100 and you get 5

So after the split you own 5% of the company