Bright Brothers has 175,000 shares of stock outstanding with a market price of $12.70a share. You currently own 40,000 of these shares. The company has 3 open positions on its board of directors and uses cumulative voting. You realize that no one else will vote for you but you still want to be elected to the board. 

How much must you spend to purchase sufficient shares to guarantee your election?

Answer rating: 100% (QA)

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