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BrownBear&Salmon has 38,400 shares outstanding and uses cumulative voting. The firm grants one vote for each share of common stock. What is the minimum number of votes required to obtain a seat on the board of directors if there are three open seats? O 12,800 O 19,201 O 9,600 O 12,801 O 9,601

BrownBlearfsalmon has 38,400 shares outstanding and uses cumblative votine The form grants one vote for each share of common stock. What is the minimum number of votes rectired to obtsin a sest on the busd of directors if there see three onen keste? 12.000 14201 9.600 12tat 9.601