Question: 7-1 Correct Answers are given a thumbs up :) Suppose a firm has 16.5 million shares of common stock outstanding and six candidates are up

7-1

Correct Answers are given a thumbs up :)

7-1 Correct Answers are given a thumbs up :) Suppose a firm

Suppose a firm has 16.5 million shares of common stock outstanding and six candidates are up for election to four seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board? (For all requirements, enter your answers In whole numbers, not millions.)

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