Question
The shareholders of the Pickwick Paper Company need to elect four directors. There are 400,000 shares outstanding. a. What is the minimum number of shares
| The shareholders of the Pickwick Paper Company need to elect four directors. There are 400,000 shares outstanding. |
| a. | What is the minimum number of shares you need to own toensurethat you can elect at least one director if the company has majority voting? |
| Number of shares |
| b. | What is the minimum number of shares you need to own toensurethat you can elect at least one director if the company has cumulative voting?(Round your answer to the nearest whole number.) |
| Number of shares |
|
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
