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There are 11 directors to be elected and 34500 shares

1. Mr. Meyers wishes to know how many shares are necessary to elect 5 directors out of 9 directors up for election in the Austin Power Company. There are 79,000 shares outstanding.

Number of shares __________

2. Betsy Ross owns 933 shares in the Hanson Fabrics Company. There are 11 directors to be elected and 34,500 shares outstanding. The firm has adopted cumulative voting.

a. How many total votes can be cast?

b. How many votes do Betsy Control?

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

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Finance Basics: There are 11 directors to be elected and 34500 shares

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