The shareholders of the Pickwick Paper Company need to elect eight directors. There are 260,000 shares outstanding.
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Question:
The shareholders of the Pickwick Paper Company need to elect eight directors. There are 260,000 shares outstanding.
a. How many shares do you need to own to ensure that you can elect at least one director if the company has majority voting? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Number of shares needed
b. How many shares do you need to own to ensure that you can elect at least one director if the company has cumulative voting? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Number of shares needed
Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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