A firm has 200,000 outstanding shares and 11 directors. Doug owns 15,500 shares of this firm. How many directors can Doug elect with cumulative voting? Multiple Choice • • 0 2 1 3

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 15P
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A firm has 200,000 outstanding shares and 11 directors.
Doug owns 15,500 shares of this firm. How many
directors can Doug elect with cumulative voting?
Multiple Choice
•
•
0
2
1
3
Transcribed Image Text:A firm has 200,000 outstanding shares and 11 directors. Doug owns 15,500 shares of this firm. How many directors can Doug elect with cumulative voting? Multiple Choice • • 0 2 1 3
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