Mr. R.C. Cola owns 8,001 shares of Softdrinks Inc. There are 18 seats on the...
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Mr. R.C. Cola owns 8,001 shares of Softdrinks Inc. There are 18 seats on the company board of directors, and the company has a total of 50,000 shares outstanding. Softdrinks Inc. utilizes cumulative voting. a. How many directors can Mr. R.C. Cola elect to the board? (Round down the final answer to the nearest whole number.) Number of directors b. Can Mr. Cola elect himself to the board when the vote to elect 18 directors is held next week? multiple choice Yes No
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