Question
Anita Job owns 511 shares in the Rapid Employment Company (a firm that provides temporary work). There are 15 directors to be elected. Twenty-six thousand
Anita Job owns 511 shares in the Rapid Employment Company (a firm that provides temporary work). There are 15 directors to be elected. Twenty-six thousand shares are outstanding. The firm has adopted cumulative voting.
a. How many total votes can be cast?
Votes
b. How many votes does Anita Job control?
Job control votes
c. What percentage of the total votes does she control? (Round the final answer to 2 decimal places.)
Percentage %
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
