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Zachary Company has 600,000 shares of common stock outstanding. Perette Corporation purchases 168,000 shares of Zachary Company stock as a long-term investment. What percentage of

Zachary Company has 600,000 shares of common stock outstanding. Perette Corporation purchases 168,000 shares of Zachary Company stock as a long-term investment. What percentage of outstanding Zachary stock does Perette own? %

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