Fleet, Inc. owns 85% of the stock of Pete, Inc. and 35% of the stock of Zete, Inc. The remaining stock of Pete and Zete is owned by unrelated individuals. Which of the following statements is correct?
A. Fleet and Zete are an affiliated group.
B. Fleet and Pete are an affiliated group.
C. There is no affiliated group here.
D. Fleet, Pete, and Zete are an affiliated group.
Answer: B
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