Question
Suppose a firm has 15.9 million shares of common stock outstanding and six candidates are up for election to four seats on the board of
Suppose a firm has 15.9 million shares of common stock outstanding and six candidates are up for election to four seats on the board of directors.
a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure the election of one member to the board?
b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure the election of one member to the board?
A. Minimum number of votes_________
B. Minium number of votes__________
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
