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Denver Machinery has 140,800 shares of stock outstanding, and each share receives one vote for each open seat on the board of directors. There are
Denver Machinery has 140,800 shares of stock outstanding, and each share receives one vote for each open seat on the board of directors. There are five open seats at this time. How many shares must you control to guarantee your personal election to the board if the firm uses cumulative voting? Multiple Choice
23,468 shares
19,251 shares
28,160 shares
28,001 shares
17,001 shares
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