Question
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Marine Enterprises. Unfortunately,
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Marine Enterprises. Unfortunately, you will be the only individual voting for you. If Marine Enterprises has 350,000 shares outstanding and the stock currently sells for $52, which of the following scenarios would be the least expensive in order for you to buy a seat on the board? Only one open seat; Voting method does not matter Two open seats; Company uses straight voting Two open seats; Company uses cumulative voting Three open seats; Company uses straight voting Three open seats; Company uses cumulative voting
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