Question 758041: A corporation issues 1,200,000 shares of stock at its beginning to shareholders. How many shares must
a shareholder own to have a majority of the shares?
Found 2 solutions by jim_thompson5910, stanbon:
Answer by jim_thompson5910(35256)   (Show Source):
You can put this solution on YOUR website! A shareholder must have 50% + 1 share to have the majority
50% of 1,200,000 = 0.50*1200000 = 600,000
add one more share to get over the 50% threshold: 600,000 + 1 = 600,001
So a shareholder must own 600,001 shares
Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A corporation issues 1,200,000 shares of stock at its beginning to shareholders. How many shares must
a shareholder own to have a majority of the shares?
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Find the half-way point:
1200000/2 = 600,000
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A majority share is at least 600,001
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Cheers,
Stan H.
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