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You want a seat on the board of directors of Four Corners, Inc, which uses cumulative voting. There are currently 5 seats up for election.
You want a seat on the board of directors of Four Corners, Inc, which uses cumulative voting. There are currently 5 seats up for election. There are 200,000 shares outstanding. How many shares are needed to guarantee 1 seat on the board?
a.71,429 b.33,334 c.40,001 d.90,910 e.30,001
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