QUESTION 21 David owns 280 shares of stock in XYZ Inc and wants to win a seat on the board of directors. The firm has a total of 500 shares of stock outstanding. Each share receives one vote. Presently, the company is voting to elect three new directors. If XYZ Inc. uses cumulative voting how many seats is David assured on the board. 03 O2 O 1 QUESTION 22 Dolby Inc. issued a 10-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the require rate of return is 8.2 percent, what is the current bond price? O $987.44 O $1,142.16 0 $1,190.93 O $986.53