Question 4 a. A number of public companies such as Google and Dell Technologies have issued more than one class of stock (dual class stocks). Why might a company issue more than one class of stock? (5 points) b. The shareholders of the Deck Technologies Ltd need to elect seven new directors. There are 800,000 shares outstanding currently trading at $40 per share. Jackson Liu would like to serve on the board of directors; unfortunately no one else will be voting for him. How much will it cost him to be certain that he can be elected if the company uses cumulative voting? How much will it cost him if the company uses straight voting? (10 points) c. Deck Technologies is a start-up firm. No dividends will be paid on the stock over the next nine years, because the firm has to keep its earnings to fuel the business growth. The firm will pay a $20 dividend per share in 10 years and will increase the dividend by 5 percent per year forever. If the required return on this stock is 10 percent, what is the current stock price per share? (10 points)