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Help needed, please. Suppose a firm has 63 million shares of common stock outstanding and seven candidates are up for election to five seats on
Help needed, please.
Suppose a firm has 63 million shares of common stock outstanding and seven candidates are up for election to five seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board? (For all requirements, enter your answers in dollars, not millions of dollars.)Step by Step Solution
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