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Oscar Incorporated has issued 40,000 shares of stock, 30,000 of which are held by Romeo Corporation. Romeo would like to have a significant influence
Oscar Incorporated has issued 40,000 shares of stock, 30,000 of which are held by Romeo Corporation. Romeo would like to have a significant influence on Oscar Incorporated. Which of the following must Romeo do in order for this to occur? Romeo must sell 20,000 shares of stock in order to have a significant influence. Romeo must sell more than 10,000 shares but less than 22,000 shares of stock in order to have a significant influence. Romeo must buy the remaining 10,000 shares of Oscar's stock in order to have a significant influence. Romeo does not need to do anything; it already has enough stock to have a significant influence.
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