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An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has

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An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 19,600 shares outstanding. If the election is conducted under cumulative voting and you own 500 shares, how many more shares must you buy to be assured of earning a seat on the board? New shares to purchase shares

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