Can you please provide step by step instructions on how to solve this problem from Stocks A lesson?
A, B, and C form a company and decide to issue 900 shares for $1 each. They have invested $100, $400, and $500 respectively. Calculate the number of shares allotted to C.
My understanding is that there are 1000 shares in total and they want to issue 900 shares. It is possible that A's 100 shares, B's 400 shares, and C's 400 shares get issued. So, why the answer is 450?