Multiple Choice
Given that there are 4,000,000 shares outstanding in a corporation,how many shares will be required for a minority group of shareholders to elect 3 of the 11 members on the board of directors? (Assume cumulative voting required)
A) 800,001
B) 1,000,001
C) 1,090,910
D) 1,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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