Question
Consider a four-tier pyramid and a single operating company. Assume that 51 percent of the votes confer control at each tier. What is the minimum
Consider a four-tier pyramid and a single operating company. Assume that 51 percent of the votes confer control at each tier. What is the minimum percentage ownership (approximately) at the highest level in the pyramid that will enable control of the operating company?
a. 13 percent
b. 50 percent
c. 51 percent
d. 26 percent
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
9780357517574
