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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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.