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Suppose a firm has 5 7 million shares of common stock outstanding and eight candidates are up for election to six seats on the board
Suppose a firm has million shares of common stock outstanding and eight candidates are up for election to six seats on the board of directors.
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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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
