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A company is electing five directors to its board using cumulative voting, and there are 600,000 shares outstanding. If you were a shareholder who wants
A company is electing five directors to its board using cumulative voting, and there are 600,000 shares outstanding. If you were a shareholder who wants to be elected to the board, how many shares must you own to guarantee yourself a directorship seat on the board?
Select one:
a. 100,000
b. 100,001
c. 120,000
d. 120,001
e. 300,001
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