Transcribed Image Text
Rust Pipe Co. was established in 1994. Four years later thecompany went public. At that time, Robert Rust, the original owner,decided to establish two classes of stock. The first representsClass A founders' stock and is entitled to eleven votes per share.The normally traded common stock, designated as Class B, isentitled to one vote per share. In late 2010, Mr. Stone, aninvestor, was considering purchasing shares in Rust Pipe Co. Whilehe knew the existence of founders’ shares were not often present inother companies, he decided to buy the shares anyway because of anew technology Rust Pipe had developed to improve the flow ofliquids through pipes.Of the 2,150,000 total shares currently outstanding, theoriginal founder's family owns 53,225 shares.What is the percentage of the founder's family votes to Class Bvotes?
Other questions asked by students
A plane mirror makes an between the mirror and the reflected ray Figure shows the...
Let W be the subspace spanned by the given vectors Find a basis for W...
Translate the verbal phrase into an inequality use x as your variable Don t solve...
This question makes reference to the audit report of Truscreen Limited, available at this...
return on total assets A company reports the fallowing income statement and balance sheet i...
4. ABC Company expects to sell 5,000 units in the first quarter and 7,000 units...
I need the answer as soon as possible %770 46.. | KOREK *...