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There are seven seats on the board of directors of Furniture Unlimited up for election. The firm has 246,500 shares of stock outstanding and uses
There are seven seats on the board of directors of Furniture Unlimited up for election. The firm has 246,500 shares of stock outstanding and uses straight voting. Each share is granted one vote. How many shares must you control if you want to guarantee your election to the board assuming no one else votes for you?
a) 35,215
b) 123,250
c) 123,251
d) 30,813
e) 30,814
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