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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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