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Suppose a firm has 50 million shares of common stock outstanding and elght candidates are up for election to slx seats on the board of

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Suppose a firm has 50 million shares of common stock outstanding and elght candidates are up for election to slx 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? (For all reculrements, enter your answers in dollars, not millions of dolitars.)

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