TIMED PLEASE ANSWER FAST QUESTION 7 A company uses cumulative voting and 4 directors...
50.1K
Verified Solution
Link Copied!
Question
Finance
TIMED PLEASE ANSWER FAST
QUESTION 7 A company uses cumulative voting and 4 directors are up for election. There are 4 million shares outstanding. How many shares must you have to ensure that you can gain control of one seat on the board Enter your answer as the minimum number of whole shares to ensure a board seat (no decimals). 3,200,001
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!