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The common stock of Fletcher Inc., is currently selling for $ 1 1 per share. In a week's time, the company will be holding a
The common stock of Fletcher Inc., is currently selling for $ per share. In a week's time, the company will be holding a vote for all seats on its board of directors using cumulative voting. The firm has million shares outstanding. Mr Fletcher, the original owner of the company, currently owns shares in the company. How much money must Mr Fletcher spend in order to guarantee himself a seat on the board?
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