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Suppose a firm has 16.1 million shares of common stock outstanding and seven candidates are up for election to six seats on the board of directors. a. If the firm uses cumulative voting to elect its board,
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Suppose a firm has 16.1 million shares of common stock outstanding and seven candidates are up for election to six seats on the board of directors.

a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?
b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?

User Matthew King
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Answer

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Suppose a firm has 16.1 million shares of common stock outstanding and seven candidates-example-1
User Javier Hinmel
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