You want a seat on the board of directors of Zeph, Inc. The company has 285,000 shares
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Question:
You want a seat on the board of directors of Zeph, Inc. The company has 285,000 shares of stock outstanding and the stock sells for $64 per share. There are currently 3 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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