Multiple Choice
Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required for a minority group of stockholders to elect two of the nine members on the board of directors? (Assume cumulative voting is required.)
A) 800,001
B) 1,000,001
C) 1,090,910
D) 888,889
Correct Answer:
Verified
Correct Answer:
Verified
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