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9. Kerri Limited has a 60% ownership interest in Emily Limited. Emily Limited has an 80% ownership interest in Georgia Limited. As a result of

9. Kerri Limited has a 60% ownership interest in Emily Limited. Emily Limited has an 80% ownership interest in Georgia Limited. As a result of these ownership interests, Kerri Limited holds an indirect control in Georgia Limited of:

a) 48%.

b) 12%.

c) 8%.

d) 32%.

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