Hi,I need help with this multiple-choice question.Thanks! You want a seat on the board of directors of Four Keys, Incorporated. The company has 175,000 shares of stock outstanding and the stock sells for $84 per share.There are currently 3 seats up for election. The company uses straight voting. How many shares do you need to guarantee that you will be elected to the board?Multiple Choice43,751 shares78,751 shares65,626 shares58,333 shares87,501 shares

Straight voting is a type of voting in which the individual needs to have more than 50% of shares in…

Answered: You want a seat on the board of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 27P

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Similar questions

You want a seat on the board of directors of Four Keys, 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 many shares do you need to guarantee that you will be elected to the board? Multiple Choice 33,001 shares 73, 334 shares 110,001 shares 36, 668 shares 44,000 shares
You want a seat oin the board of directors of Four Keys. Inc. The company hase 290000 shares of stocks outstanding and the stock sells for $61 per share. There are currently 4 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?
You want a seat on the board of directors of Red Cow, Inc. The company has 260,000 shares of stock outstanding and the stock sells for $51 per share. There are currently 5 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?
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
A firm has four open positions on its board of directors. How many shares do you need to own to guarantee your own election to the board if the firm has 387,500 shares of stock outstanding and uses cumulative voting? Each share is granted one vote.
Rho Corporation is electing three directors to its board using cumulative voting, and there are 1,000,000 shares outstanding. If you were a shareholder who wants to be elected to the board, how many Rho Corporation shares must you own to guarantee yourself a directorship seat on the board?
Suppose that you represent a group of shareholders who collectively holds 300,000 shares of stock in XYZ Corporation. XYZ Corporation has cumulative voting and has a total of 2,000,000 shares outstanding. There are five open seats on the Board of Directors and seven candidates running for a position on the BOD. Can your group be assured that it can get one person on the BODs?
You own 250 shares out of 1,500 shares outstanding. Your co-owner owns the other 1,250 shares. There are 4 directors being elected. Assuming cumulative voting, calculate the number of shares you need to own to elect at least one director to the Board.
5.
Sokka Inc has 210,000 sharesoutstanding priced at $29 a share.There will be four open positions. on its board in the next election.Currently, you are not a shareholder but would like to become one and alsogain a seat on the board. How muchwill it cost you to buy a seat if thecompany uses straight voting?A) $2,646,077 B) $3,670,947 C)$3,012,044 D)1,218,029 E)$3,045,029 Please answer fast I will give you upvote
The shareholders of the Unicorn Company need to elect seven new directors. There are 2 million shares outstanding. How many shares do you need to be certain that you can elect at least one director if a. Unicorn has straight voting? b. Unicorn has cumulative voting?
Stockholder Z what to be elected as a director in the corporation. However, he has only at least 10,000 shares, which is equivalent to 10,000 votes. He needs at least 20,000 votes to get the highest number of votes. As the financial adviser of Z, what will be your advice. Explain

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