Question: Bill's Computer Software Company is having an election for the board of directors. There are 9 director positions being elected, chosen from 21 candidates. The
Bill's Computer Software Company is having an election for the board of directors. There are 9 director positions being elected, chosen from 21 candidates. The company uses cumulative voting, has a price per share of $44, and 947,979 shares outstanding. How much would it take to guarantee a seat on the board?
You should round to the whole share (not as a fractional share such as 0.5 shares). In other words, make sure your math includes a full share for the price.
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