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Schenkel Enterprises has 525,000 shares outstanding and the stock currently sells for $38, how much will it cost you to buy a seat if the

Schenkel Enterprises has 525,000 shares outstanding and the stock currently sells for $38, how much will it cost you to buy a seat if the company uses straight voting? Assume that the company uses cumulative voting and there are 4 seats in the current election; how much will it cost you to buy a seat now?

*solve using a financial calculator

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