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For the first part of the problem I got $13,975,043 if I calculated correctly Voting Rights [LO3] After successfully completing your corporate finance class, you

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For the first part of the problem I got $13,975,043 if I calculated correctly
Voting Rights [LO3] After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. If the company has 650,000 shares outstanding, and the stock currently sells for $43, how much will it cost you to buy a seat if the company uses straight voting? Voting Rights [LO3] In the previous problem, assume that the company uses cumulative voting, and there are four seats in the current election. How much will it cost you to buy a seat now? Stock Valuation and PE [LO2] The Perfect Rose Co. has earnings of S3.18 per share. The benchmark PE for the company is 18. What stock price would you consider appropriate? What if the benchmark PE were 21

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