Multiple Choice
A corporation has 1,000,000 shares outstanding and 10 directors are up for election. If the stock features cumulative voting, approximately how many shares do you have to muster in order to guarantee yourself a place on the board of directors? (Ignore possible ties.)
A) 500,000
B) 200,000
C) 100,000
D) 1,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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