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Problem 17-4 Cumulative voting [LO2] Mr. Meyers wishes to know how many shares are necessary to elect 2 directors out of 9 directors up for

Problem 17-4 Cumulative voting [LO2]

Mr. Meyers wishes to know how many shares are necessary to elect 2 directors out of 9 directors up for election in the Austin Power Company. There are 89,000 shares outstanding. (Do not round intermediate calculations.)

Number of shares

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