Question: Week 1 - Chapter . . . i ave & Exit Submit An election is being held to fill three seats on the board of
Week Chapter
i
ave & Exit
Submit
An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company
has shares outstanding. If the
points
election is conducted under cumulative voting and you own shares, how many more shares must you buy to be assured of gaining a seat on the board? Do not round intermediate calculations.
New shares to purchase shares
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