Question
You want a seat on the board of directors of Zeph, Inc. The company has 275,000 shares of stock outstanding and the stock sells for
You want a seat on the board of directors of Zeph, Inc. The company has 275,000 shares of stock outstanding and the stock sells for $70 per share. There are currently 4 seats up for election. If the company uses cumulative voting, how much will it cost you to guarantee that you will be elected to the board?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
