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A corporation has 2 0 , 0 0 0 shares outstanding. A shareholders' meeting is duly called to approve a merger, and 1 2 ,

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A corporation has 20,000 shares outstanding. A shareholders' meeting is duly called to approve a merger, and 12,000 shares are represented at the meeting. The articles of incorporation require a 60% quorum. To approve a merger, a vote of 80% of the shares voting is required. If 6,001 shares are voted in favor of the amendment, does it pass?
A. Yes, both the 60% quorum and 80% vote were met.
B. No, the quorum would require 16,000 shares to be represented to comprise the needed supermajority.
C. Yes, the quorum was met, and the majority voted in favor of the amendment.
D. No, the vote did not meet the required threshold of 16,000.
E. No, even though the quorum was met, the vote did not meet the required threshold of 9,600 votes.
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