What is percentage of founder family votes to class votes

Assignment Help Financial Management

Reference no: EM131848348

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 seven 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 1,650,000 total shares currently outstanding, the original founder's family owns 52,225 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.)

Reference no: EM131848348

Questions Cloud

Particular revenue sources and patterns of spending : Compare and contrast the fiscal health of Los Angeles, Dallas, and New York City. analyzing the use of particular revenue sources and patterns of spending.

Discuss the power of ethnic stereotypes : To understand the power of ethnic stereotypes, conduct your own poll. For a set of ethnic groups, ask people to anonymously provide attributes.

Discuss interactions between parents and children : Observe the interactions between parents and children in the cereal section of a local grocery store (remember to take earplugs with you).

List the variables to affect a purchase decision for product : Select a product category and, using the life-cycle stages this chapter describes, list the variables likely to affect a purchase decision for the product.

What is percentage of founder family votes to class votes : Rust Pipe Co. was established in 1994. Four years later the company went public. What is the percentage of the founder's family votes to Class B votes?

Discuss the aspects of the marketing mix : Consider three important changes in the modern family structure. For each, find an example of a marketer who seems to be conscious of this change.

Analyze the choices- what patterns do you see : Replicate this study in your area. Recruit a group of teenagers to construct individual collages that represent what they feel is "cool."

What may a lender require escrow accounts from a borrower : What may a lender require escrow accounts from a Borrower? What is the intent of truth and lenders disclosure information?

Discuss the authenticity and evolution : Authenticity and evolution are the two key words when a brand is tackling the notoriously fickle teen market.111 A teen chooses to eat, sleep, and breathe.

User Account

All Pages