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    Foundations of Financial Management Study Set 1
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    Exam 17: Common and Preferred Stock Financing
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    A Firm Has 200,000 Outstanding Shares and 11 Directors
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A Firm Has 200,000 Outstanding Shares and 11 Directors

Question 100

Question 100

Multiple Choice

A firm has 200,000 outstanding shares and 11 directors.Doug owns 15,500 shares of this firm.How many directors can Doug elect with cumulative voting?


A) 0
B) 1
C) 2
D) 3

Correct Answer:

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