1 the shareholders of bryant power corp need to elect four, Ask an Expert

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1. The shareholders of Bryant Power Corp. need to elect four new directors to the board. There are 13,100,000 shares of common stock outstanding, and the current share price is $10.20. If the company uses cumulative voting procedures, how much will it cost to guarantee yourself one seat on the board of directors?

2. Kiedis Corp. has interest bearing debt with a market value of $70.3 million. The company also has 2.7 million shares that sell for $24 per share. What is the debt–equity ratio for this company based on market values?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744346

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