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The stockholders of Blue Sky, Inc. are divided into two camps of different corporate management philosophy. The majority group controls 65 percent and the minority
The stockholders of Blue Sky, Inc. are divided into two camps of different corporate management philosophy. The majority group controls 65 percent and the minority group controls 35 percent of the voting shares. The total number of shares of common stock outstanding is 1 million. The total number of directors to be elected in the near future is four. What is the maximum number of directors the minority group can possibly elect, assuming that the company follows cumulative voting procedures?
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