A corporation is having a shareholders meeting to vote on a new issue. Not all shareholders are able to attend. In fact, most usually do not. The ownership of the corporation is represented by 2,351,00 shares of stock owned by 111,273 shareholders. Must all of the shareholders own more than one share of stock? If 3,411 shareholders attend the meeting, what percent of the shareholders attended the meeting? Round to the nearest percent. If the shareholders who do not attend own a combined 1.8 million shares of the corporation and the shareholders are voting on a particular issue, these shareholders can vote by proxy - an absentee ballot. If 100,000 of the shareholders vote by proxy, what percent of the shareholders did not vote at all?? Round to the nearest percent.

a) The percentage of the shareholders who attended the meeting is 3%.

b) The percentage of the shareholders who did not vote at all is 7%.

Step-by-step explanation:

a) Data and Calculations:

Outstanding shares = 2,351,000

Number of shareholders = 111,273

Number of shareholders who attended the meeting = 3,411

The percentage of the shareholders who attended the meeting = 3,411/111,273 * 100

= 3.065

= 3%

Absent shareholders = 107,862 (111,273 - 3,411) and own 1.8 million shares

Proxy voters =               100,000

Non-voting shareholders 7,862

Therefore, the percentage of shareholders who did not vote at all

= 7,862/111,273*100

= 7.0655

= 7%

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