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stock sells will be e

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You want a seat on the board of directors of Zeph, Incorporated. The company has 220,000 shares of stock outstanding and the stock sells for $69 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how much will it cost you to guarantee that you will be elected to the board? Multiple Choice $3,696,000 $6,160,084 $2,530,069 $9,240,084 $2,772,076
Transcribed Image Text:You want a seat on the board of directors of Zeph, Incorporated. The company has 220,000 shares of stock outstanding and the stock sells for $69 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how much will it cost you to guarantee that you will be elected to the board? Multiple Choice $3,696,000 $6,160,084 $2,530,069 $9,240,084 $2,772,076
You want a seat on the board of directors of Red Cow, Incorporated. The company has 285,000 shares of stock outstanding and the stock sells for $70 per share. There are currently 4 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board? Multiple Choice $4,987,500 $3,990,070 $9,975,070 $6,982,570 $8,977,563
Transcribed Image Text:You want a seat on the board of directors of Red Cow, Incorporated. The company has 285,000 shares of stock outstanding and the stock sells for $70 per share. There are currently 4 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board? Multiple Choice $4,987,500 $3,990,070 $9,975,070 $6,982,570 $8,977,563
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