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A firm is using cumulative voting and four director spots are up for election. There are 3.6 million shares outstanding. How many shares must a

A firm is using cumulative voting and four director spots are up for election. There are 3.6 million shares outstanding. How many shares must a minority owner own or control to ensure that he or she can gain control of one seat on the board of directors?

1,750,001

720,001

1,800,001

900,001

880,001

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