A Group of 10 Golfing Buddies Have the Following Annual

question 40

Multiple Choice

A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000,
$120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the third quintile of this income distribution is

• A) 13.1%
• B) 13.9%
• C) 14.1%
• D) 14.9%

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Definitions:

Percent Ownership

The proportion of a company's shares owned by an individual or entity, often expressed as a percentage of the total shares outstanding.

Adjusted Book Value

The net worth of a company calculated by adjusting assets and liabilities to their market values rather than their book values.

Stock Issuance

The process by which a company releases its shares to the public or existing shareholders, often to raise capital.

Percent Ownership

The portion of equity interest that an investor holds in a company, often expressed as a percentage.