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3. (5%) The shareholders of MUST Corp. need to elect 4 new directors to the board. There are 13,000,000 shares of common stock outstanding, and
3. (5%) The shareholders of MUST Corp. need to elect 4 new directors to the board. There are 13,000,000 shares of common stock outstanding, and the current share price is $10.50. If the company uses cumulative voting procedures, how much will it cost to guarantee yourself one seat on the board of directors
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