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USE X = 6,000,000 Capitol Industries has X million shares of stock outstanding. In an election for the board of directors, 8- percent of the
USE X = 6,000,000 Capitol Industries has X million shares of stock outstanding. In an election for the board of directors, 8- percent of the shares are voted. The company has seven directors on its board, all of whom are elected annually. If the company uses a cumulative voting procedure, how many shared are required to elect One Director Two Director A majority of the members of the board
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