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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 him…

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 him…
asked 117k views
22 votes
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?

asked
User Loegic
by
7.8k points

1 Answer

10 votes

Answer:

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

Step-by-step explanation:

answered
User Seldary
by
8.0k points
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