A Shareholder in Company C Owns 1,000 Shares Bought for $1

question 56

Multiple Choice

A shareholder in Company C owns 1,000 shares bought for $1 each.The company decides to make a bonus issue of one new share for every two existing shares held.How many shares does the shareholder now have in Company C?

• A) 2,000 shares.
• B) 1,500 shares.
• C) 500 shares.
• D) 1,000 shares.

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Definitions:

Minority Group

A group of people who, because of their physical or cultural characteristics, find themselves in situations of inequality within a society.

Racism

Connotes discrimination or prejudice against individuals based on their race or ethnicity, often stemming from beliefs in the superiority of one race over others.

United States

A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Race Consciousness

An ideology that acknowledges race as a powerful social construct that shapes our individual and social experiences.