Question

You own 5% of Corporation A. Corporation A owns 30% of Corporation B. What percentage of Corporation B do you own through your ownership in Corporation A?

Answer 1

1.5%

Answer 2

0.05 * 0.3 = ?

Answer 3

0.015

Answer 4

[AI-generated answer — Explain Bot]

To determine the percentage of Corporation B that you own through your ownership in Corporation A, you need to calculate the indirect ownership percentage.

Step 1: Calculate the percentage of Corporation B that Corporation A owns.
Corporation A owns 30% of Corporation B.

Step 2: Calculate your ownership in Corporation A as a decimal.
You own 5% of Corporation A, which can be expressed as 0.05.

Step 3: Multiply your ownership percentage in Corporation A with the percentage owned by Corporation A in Corporation B.
0.05 (your ownership in Corporation A) multiplied by 30% (Corporation A's ownership in Corporation B) equals 0.015.

Therefore, you own 0.015, or 1.5%, of Corporation B through your ownership in Corporation A.