Question
1. value: 25.00 points Suppose a firm has 15.4 million shares of common stock outstanding and six candidates are up for election to three seats
1.
value: 25.00 points
| Suppose a firm has 15.4 million shares of common stock outstanding and six candidates are up for election to three seats on the board of directors. |
| a. | If the firm uses cumulative voting to elect its board, what is the minimum number of shares needed to ensure election to the board? |
| Minimum number of votes |
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The Evolution Of Finance
Authors: Barbara Guth
1st Edition
1633377261, 978-1633377264
