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There are five open seats on a company's board. The total number of shares outstanding is 13,456,721 and cumulative voting will be used to fill
There are five open seats on a company's board. The total number of shares outstanding is 13,456,721 and cumulative voting will be used to fill the seats. Find the minimum number of shares an investor should own to guarantee that he/she will get elected to the board?
Group of answer choices
2,242,788
2,242,787
1,987,345
1,987,346
6,728,361
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