Beasley Inc. is going to elect Seven board members next month. Betty Brown owns 16.3 percent of the total shares outstanding.
What percentage of stock is needed to have one of her friends elected under the cumulative voting rule? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Percent of stock needed %
What percentage of stock is needed to have one of her friends elected under the staggered cumulative voting rule, under which shareholders vote on one board member(s) at a time? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Percent of stock needed %
Kiedis Corp. has interest bearing debt with a market value of $68.7 million. The company also has 2.5 million shares that sell for $26 per share. What is the debt-equity ratio for this company based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
Debt-equity ratio