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Valerie Apparel Lines (VAL) has 100 million shares of common stock outstanding, and the company is elect- ing seven directors by means of cumulative voting.
Valerie Apparel Lines (VAL) has 100 million shares of common stock outstanding, and the company is elect- ing seven directors by means of cumulative voting. If a group of minority shareholders controls 31 million shares, how many directors is the group certain of elect- ing? If straight voting were used, how many directors would the group be certain of electing?
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