Question: Help with question. Can you also show work please?! 30. Hi-Lo has 160,000 shares outstanding priced at $33 a share. There will be three open

Help with question. Can you also show work please?!

30. Hi-Lo has 160,000 shares outstanding priced at $33 a share. There will be three open positions on its board in the next election. Currently, you are not a shareholder but would like to become one and also gain a seat on the board. How much will it cost you to buy a seat if the company uses straight voting? A. $2,640,033 B. $2,710,033 C. $2,710,033 D. $2,640,033 E. $2,640,033 Page 8 of 8

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