A small company had 10,000 shares. Joan ownes 200 of these shares. The company decides to split its shares. What is Joans ownership percentage after the split?

Question

whpalmer4 · Answer

Exactly what it is before the split!  

To find the ownership percentage, divide the number of shares owned by the total number of shares, and convert to a percentage.  For example, if I own 5 shares, and 1000 shares are outstanding, my ownership fraction is 5/1000 = 0.005 of the shares, which is 0.005*100% = 0.5 %.

anonymous · Answer

WRONG 2%

whpalmer4 · Answer

@sjohnson4772 You may need to work on your reading comprehension skills. My answer is correct FOR THE EXAMPLE PROBLEM I MADE UP. The words "For example" are the clue that I am making an example problem to demonstrate the procedure used to find the answer. Please do not give out answers to questions. OpenStudy's code of conduct says (among other things): Give Help, Not Answers http://openstudy.com/code-of-conduct