3 9 > 12 15 tion Question 10 (2 points) Sophia owns shares of stock in Torrid Design and wants to be elected to the company's board of directors. There are 100,000 shares of stock outstanding and each share is granted one vote for each open position on the board. Presently, the company is voting to elect two new directors. Sophia can be assured of her election if straight voting applies and she owns at least 25 percent of the shares, plus one additional share. if straight voting applies and she owns at least one-third of the shares, plus one additional share. if cumulative voting applies and she owns 25 percent of the shares, plus one additional share. only if cumulative voting applies and she owns the majority of the shares. if cumulative voting applies and she owns one-third of the shares, plus one additional share