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You want a seat on the board of directors of Zeph, Incorporated The company has 300,000 shares of stock outstanding and the stock sells for $55 per share. There are currently 3 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? O O O Multiple Choice $4,125,055 $9,450,084 $12,600,084 $8,400,000 $5,670,076

You want a seat on the board of directors of Zeph, Incorporated The company has 300,000 shares of stock outstanding and the stock sells for $55 per share. There are currently 3 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? O O O Multiple Choice $4,125,055 $9,450,084 $12,600,084 $8,400,000 $5,670,076

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You want a seat on the board of directors of Zeph, Incorporated The company has 300,000 shares of stock outstanding and the stock sells for $55 per share. There are currently 3 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 $4,125,055 $9,450,084 O O $12,600,084 $8,400,000 $5,670,076
Transcribed Image Text:You want a seat on the board of directors of Zeph, Incorporated The company has 300,000 shares of stock outstanding and the stock sells for $55 per share. There are currently 3 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 $4,125,055 $9,450,084 O O $12,600,084 $8,400,000 $5,670,076
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