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Company X's largest shareholder is Company Y, which owns one out of every 8 outstanding shares of stock of X. Company X in turn owns 27% of Company Z. Another 1/5 of the shares of Company Z are owned directly by Company Y. What portion or fraction of shares of Company Z are owned directly or indirectly by Company Y?
Before you answer, please read this carefully! For your answer, fill in the following blank _______%. Round to the nearest two digit places in terms of percent, but do not type the "%" sign. For example, if you calculate that X owns 0.32567 = 32.567%, you should enter 32.57 as your answer. Note if you answer 0.3257 (instead of 32.57) you would miss this question.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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