After successfully completing your corporate finance class, you feel the next challenge ahead is to serve...

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After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Cornwall Enterprises. Unfortunately, you will be the only person voting for you. The company has 430,000 shares outstanding, and the stock currently sells for $51, If there are four seats in the current election, how much will it cost you to buy a seat? (Do not round intermediate calculations.) Total cost $ 10,965,051 X After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Cornwall Enterprises. Unfortunately, you will be the only person voting for you. The company has 430,000 shares outstanding, and the stock currently sells for $51, If there are four seats in the current election, how much will it cost you to buy a seat? (Do not round intermediate calculations.) Total cost $ 10,965,051 X

Answer rating: 100% (QA)

To calculate the total cost of buying a seat on the board of directors we need to determine the numb... View the full answer