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You own 70 shares in a firm that has 210 shares outstanding. Ralph Kramden owns the other 140 shares. There are 3 board seats available.

You own 70 shares in a firm that has 210 shares outstanding. Ralph Kramden owns the other 140 shares. There are 3 board seats available. You prefer cumulative voting because

you can control all the board seats

you have some representation on the board

you are not interested in what happens to the firm

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