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Blue Sky Inc.s stockholders have a disagreement as to how the firm should be managed. The majority group holds 55% of the outstanding stock, and
Blue Sky Inc.s stockholders have a disagreement as to how the firm should be managed. The majority group holds 55% of the outstanding stock, and the minority group has 45%. There are 100,000 outstanding shares. There are five positions on the board of directors that are up for reelection in the near future.
If Blue Sky Inc. followed a cumulative voting system, how many of the open positions could the minority group possibly elect?
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