The average number of outstanding common shares for Pei Ding Inc. was around 11 million as of December 31, 2020. If you buy 110,000 common shares of Pei Ding Inc., what is your fractional ownership of Pei Ding Inc.? If the company decided to issue an additional 500,000 shares, does stock price of the company increase or decrease assuming all else equal?

Group of answer choices

1.00%; increase

0.10%; increase

1.00%; decrease

0.10%; decrease