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Assume that Acme, Inc. has 4,000,000 shares outstanding, 7 directors, and uses cumulative voting for directors. How many shares must you own to be assured
Assume that Acme, Inc. has 4,000,000 shares outstanding, 7 directors, and uses cumulative voting for directors. How many shares must you own to be assured of electing yourself as a director?
Group of answer choices
500,001
2,000,000
571,429
571,430
500,000
2,000,001
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