26 Cumulative Voting An election is being held to fill three seats on the board of directors...

Question:

26 Cumulative Voting An election is being held to fill three seats on the board of directors of a firm in which you are a shareholder. The company has 2,500 shares outstanding. If the election is conducted under cumulative voting and you own 300 shares, how many more shares must you buy to be assured of earning a seat on the board?

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