Ajak Corporation owns 85% of the single class of Utech Corporation stock. Utech Corporation owns 35% of Tech Corporation. Ajak Corporation also owns 50% of Tech Corporation, and Tech Corporation owns 75% of Baxter Corporation.
A.
Ajak, Tech, Utech, and Baxter Corporations are an affiliated group.
B.
Ajak, Tech, and Baxter Corporations are an affiliated group.
C.
Ajak, Tech, and Utech Corporations are an affiliated group.
D.
None of the above are correct.
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