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You want a seat on the board of directors of Four Keys, Inc. The company has 280,000 shares of stock outstanding and the stock sells
You want a seat on the board of directors of Four Keys, Inc. The company has 280,000 shares of stock outstanding and the stock sells for $67 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?
46,668 shares
42,001 shares
93,334 shares
140,001 shares
56,000 shares
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