Betsy ross owns 981 shares in the hanson fabrics company, Finance Basics

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Betsy ross owns 981 shares in the hanson fabrics company

Question: Betsy Ross owns 981 shares in the Hanson Fabrics Company. There are 11 directors to be elected, and 42, 500 shares outstanding. The firm has adopted cumulative voting.

a. How many total votes can be cast?

b. How many votes does Betsy control?

c. What percentage of the total votes does she control?

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Finance Basics: Betsy ross owns 981 shares in the hanson fabrics company

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Finance Basics: Betsy ross owns 981 shares in the hanson fabrics company

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