want a seat on the board of directors of Zeph, Inc. The company has 310,000 shares of stock outstanding and the stock sells for $49 per share. There are rently 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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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u want a seat on the board of directors of Zeph, Inc. The company has 310,000 shares of stock outstanding and the stock sells for $49 per share. There are
rrently 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
$2,531,716
$13.020,084
$3.906.076
$8,680,084
Transcribed Image Text:u want a seat on the board of directors of Zeph, Inc. The company has 310,000 shares of stock outstanding and the stock sells for $49 per share. There are rrently 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 $2,531,716 $13.020,084 $3.906.076 $8,680,084
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