A Firm Has 1,000 Shareholders, Each of Whom Own $50

question 14

Multiple Choice

A firm has 1,000 shareholders, each of whom own $50 in shares. The firm uses $20,000 to repurchase shares. What percentage of the firm did each of the remaining shareholders own
Before the repurchase, and what percentage does each own now?

• A)0.10% before; 0.14% now
• B)0.05% before; 0.07% now
• C)0.10% before; 0.17% now
• D)0.05% before; 0.03% now

Understand the concept of estates and different ownership interests in real property.

Differentiate between types of freehold estates, specifically fee simple absolute and life estates.

Explain the rights and consequences of joint ownership arrangements, including tenant in common and joint tenancy.

Recognize the rights of property owners regarding the control of airspace, subsurface, and structures on their land.

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