If there are 9 directors that need to be elected but their seats are staggered evenly over
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Question:
- If there are 9 directors that need to be elected but their seats are staggered evenly over 3 years, how many shares do you need to own in order to guarantee a seat on the board under cumulative voting?
- A firm recently paid its annual dividend of $2.18 per share.The firm also announced that all future dividends will be increased by 2.8 percent annually. What is the firm's cost of equity if the stock is currently selling for $35.45 a share?
- A firm's cost of unlevered equity is 11% and its pretax cost of debt is 8%.The firm has a debt-equity ratio of 0.4.If the tax rate is 40%, what is the firm's cost of levered equity?
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