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Suppose a firm has 5 6 million shares of common stock outstanding and seven candidates are up for election to five seats on the board
Suppose a firm has million shares of common stock outstanding and seven candidates are up for election to five 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 election to the board? b If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board?
Suppose a firm has million shares of common stock outstanding and seven candidates are up for election to five 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 election to the board?
b If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board?
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