You want a seat on the board of directors of Four Keys, Incorporated. The company has200,000 shares of stock outstanding and the stock sells for $69 per share. There are currently5 seats up for election. The company uses straight voting. How many shares do you need toguarantee that you will be elected to the board? Multiple Choice 90,001 shares 100, 001shares 66, 668 shares 40, 000 shares

In a straight voting system, each shareholder is entitled to one vote per share for each seat up for…

Answered: You want a seat on the board of…

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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A corporation has 10,000 shares of 100 par stock outstanding. If the corporation issues a five for one stock split the number of shares outstanding after the sweat will be 40,000. True or false?
Mr. Meyers wishes to know how many shares are necessary to elect 3 directors out of 11 directors up for election in the Austin Power Company. There are 83,000 shares outstanding. (Do not round intermediate calculations.)
16 Midland Petroleum is holding a stockholders' meeting next month. Ms. Ramsey is the president of the company and has the support of the existing board of directors. All 12 members of the board are up for reelection. Mr. Clark is a dissident stockholder. He controls proxies for 51,001 shares. Ms. Ramsey and her friends on the board control 61,001 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 24,998 shares. The company uses cumulative voting. a. How many directors can Mr. Clark be sure of electing? (Do not round intermediate calculations. Round down your answer to the nearest whole number.) Number of directors b. How many directors can Ms. Ramsey and her friends be sure of electing? (Do not round intermediate calculations. Round down your answer to the nearest whole number.) Number of directors c-1. How many directors could Mr. Clark elect if he obtains all the proxies for the uncommitted votes? (Do not round intermediate calculations. Round down…
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Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO. The current three IPOs are each priced at $16 a share and all started trading this morning. Jolie was allocated 300 shares of IPO A, 100 shares of IPO B, and 1,000 shares of IPO C. IPO A opened at $17 a share this morning and ended the day at $17.50 a share. IPO B opened at $21 a share and finished the day at $23 a share. IPO C opened at $16 a share and ended the day at $14.50 a share. What is Jolie's total profit or loss on these three IPOS as of the end of the day? O a. -$400 O b. -$350 O c. -$200 O d. -$150 O e. -$100
You currently own 600 shares of stock AAA. The stock currently trades at $3 a share. The company is contemplating a 1-for-3 reverse stock split. Which of the following best describes your position after the proposed stock split takes place? You will have 200 shares of stock with $9 a share. You will have 1,800 shares of stock with $1 a share. You will have 200 shares of stock with $9 a share. You will have 1,800 shares of stock with $9 a share.
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1. Rights and privileges of common stockholders Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company’s objectives. True or False: Larry will receive dividends together with preferred stockholders. False True Larry also holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. The company’s stock currently is valued at $45.00 per share. The company needs to raise new capital to invest in production. The company is looking to issue 5,000 new shares at a price of $36.00 per share. Larry worries about the value of his investment. Larry’s current investment in the company is(numbers ) . If the company issues new shares and Larry makes no additional purchase, Larry’s investment will be worth (Numbers) . This scenario is an example of (Proxy,…

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