In the previous problem, assume that the company uses cumulative voting and there are four seats in

Question:

In the previous problem, assume that the company uses cumulative voting and there are four seats in the current election. How much will it cost you to buy a seat now?

Cumulative Voting
Cumulative voting is the procedure followed when electing a company's directors. Typically, each shareholder is entitled to one vote per share multiplied by the number of directors to be elected. This is a process sometimes known as proportional...