Solved: How many votes can be cast for directors, Macroeconomics

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How many votes can be cast for directors

Question:

Ross owns 918 shares of Flag Fabric Co. There are 13 directors to be elected. 31,000 shares of common stock are outstanding. There is cumulative voting.

a. How many votes can be cast for directors?

b. How many votes does Betsy control?

c. What percentage of the vote does Betsy control?

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Macroeconomics: How many votes can be cast for directors

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Macroeconomics: How many votes can be cast for directors

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