Anzio, Inc., has two classes of shares. Class B has10 times the voting rights as Class...
Anzio, Inc., has two classes of shares. Class B has10 times the voting rights as Class A. If you own 11% of the Class A shares and 25% of the Class B shares, what percentage of the total voting rights do you hold?
The percentage of the total voting rights that you hold is? (Round to one decimal place.)
Please show steps taken to get answer.
Homework Answers
Let us assume Class A and Class shares are same in count.
Assume Class A shares are 100 and Class B shares are 100
Assume Voting Rights for Class A share = 1
Total Voting Rights for Class A Shares = 1 * 100 = 100
Total Voting Rights for Class A Shares = 10 * 100 = 1000
Total Voting Rights = 100 + 1000 = 1100
11% of Class A shares voting rights = 100 * 11%
= 11 rights
25% of Class B shares voting rights = 1000 * 25%
= 250 Rights
Total rights owned = 11 + 250
= 261
SHare = Total Rights owned / Total Rights
= 261 / 1100
= 0.2372 i.e 23.72%
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