alleryStart learning →A company has 5,000,000 shares and a 20% pill trigger. The trigger is at
A500,000 shares
B1,000,000 shares
C1,500,000 shares
D2,000,000 shares
Answer & Solution
Correct answer: B. 1,000,000 shares
20 percent of 5,000,000 is 1,000,000 shares, so crossing that stake lets other holders buy discounted shares.
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