Question
Wham Corporation has 100 shares of common stock outstanding. Twenty-five shares are owned by Grandfather, 20 shares are owned by Mother (Grandfathers Daughter), 15 shares
Wham Corporation has 100 shares of common stock outstanding. Twenty-five shares are owned by Grandfather, 20 shares are owned by Mother (Grandfathers Daughter), 15 shares are owned by Mothers Daughter, 10 shares are owned by Mothers adopted Son, and the remaining 30 shares are owned by Grandmothers estate, of which Mother is a 50% beneficiary. One of Mothers cousins is the other beneficiary of the estate. Mother also has an option to purchase 5 of Sons shares. How much Wham stock do Grandfather, Mothers Daughter and Grandmothers estate own after application of 318?
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