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Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders' stock and is entitled to twelve votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. In late 2010, Mr. Stone, an investor, was considering purchasing shares in Rust Pipe Co. While he knew the existence of founders' shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes.
Of the 2,200,000 total shares currently outstanding, the original founder's family owns 53,325 shares.
What is the percentage of the founder's family votes to Class B votes? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
If government wants to follow a policy of increasing income for farmers, what type of programs will the government enact? Explain.
"It is worth noting that in addition to intertumor genetic heterogeneity, variability between cells within individual tumors has been observed."
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Anticipates and addresses possible opposing viewpoints
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An investor owns $6,000 of Adobe Systems stock, $7,000 of Dow Chemical, and $7,000 of Office Depot. What are the portfolio weights of each stock?
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