If the firm uses cumulative voting to elect its board what, Accounting Basics

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If the firm uses cumulative voting to elect its board what

Problem

Suppose a firm has 16.8 million shares of common stock outstanding and six candidates are up for election to five seats on the board of directors.

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?

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Accounting Basics: If the firm uses cumulative voting to elect its board what

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Accounting Basics: If the firm uses cumulative voting to elect its board what

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