Federated Products Corporation uses cumulative voting in its elections of directors. Mary owns 3,000 Federated shares. At

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Federated Products Corporation uses cumulative voting in its elections of directors. Mary owns 3,000 Federated shares. At an annual shareholders’ meeting at which three directors are to be elected, how many votes may Mary cast for any one candidate?

a. 1,000.

b. 3,000.

c. 9,000.

d. 2,700.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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