Hi,I need help solving the following two-part question.Thank you! 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

The cumulative voting is a type of voting in which shares will be accumulated and applied towards…

Answered: stock sells will be e

Business

Finance

stock sells will be e

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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Hi,

I need help solving the following two-part question.

Thank you!

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

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