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Suppose a firm has 56 million shares of common stock outstanding and seven candidates are up for election to five seats on the board of

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Suppose a firm has 56 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? (For all requirements, enter your answers in whole numbers, not millions.)

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