The shareholders of the Pickwick Paper Company need to elect five directors. There are 200,000 shares outstanding.

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The shareholders of the Pickwick Paper Company need to elect five directors. There are 200,000 shares outstanding. How many shares do you need to own to ensure that you can elect at least one director if

(a) The company has majority voting?

(b) It has cumulative voting?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 08, 2011 06:52 AM

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The shareholders of the Pickwick Paper Company need to elect five directors. There are 200,000 shares outstanding.

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a For majority voting you must own or otherwise control the votes of a simple majority of the ...View the full answer

Principles of Corporate Finance

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