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Problem:

The shareholders of Vycom, Inc. need to elect five new directors to the board. There are 750,000 shares of common stock outstanding. How many shares do you need to own to guarantee yourself a seat on the board if the company uses cumulative voting procedures?

125,000

375,001

125,001

750,000

Please provide step by step solution and also show all workings.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147174

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