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You want a seat on the board of directors of Red Cow, Inc. The company has 305,000 shares of stock outstanding and the stock sells
You want a seat on the board of directors of Red Cow, Inc. The company has 305,000 shares of stock outstanding and the stock sells for $58 per share. There are currently 5 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board?
Multiple Choice $2,948,391 $7,960,552 $8,845,058 $5,896,725 $3,538,000Step by Step Solution
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