Multiple Choice
There is an election being held to fill two seats on the board of directors of a firm in which you hold stock. There are a total of 420 shares outstanding. If the election is conducted under cumulative voting and you own 120 shares, how many more shares must you buy to be assured of earning a seat on the board?
A) 0
B) 20
C) 21
D) 91
E) 141
Correct Answer:
Verified
Correct Answer:
Verified
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