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5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock and the minority stockholders together own the other 40%
5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock and the minority stockholders together own the other 40% of the stock. If the company is voting for 10 director positions, and if all votes are cast using a straight voting method, how many candidates favored by the majority owner will win the director positions?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
