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Baker s Delight has 2 2 5 , 0 0 0 shares of stock outstanding with a market price of $ 1 5 . 5
Bakers Delight has shares of stock outstanding with a market price of $ a share. You currently own shares. The company has four open positions on their board of directors and uses straight voting. You realize that no one else will vote for you but you still want to be elected to the board. How much must you spend to purchase sufficient shares to guarantee your election?
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