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The total issued and outstanding number of shares in Arrow Corporation is 30,000 shares of common stock. The board of directors is composed of 15
The total issued and outstanding number of shares in Arrow Corporation is 30,000 shares of common stock. The board of directors is composed of 15 members. There are five directors to be elected and the bylaws state that the corporation is to use cumulative voting to elect directors. Levinson owns 1,010 shares of Arrow Corporation common stock. How many votes will Levinson be able to cast if five directors are to be elected?
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15,100 votes.
1,010 votes.
5,001 votes.
5,050 votes.
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