What percentage of stock is needed to have one of her, Finance Basics

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What percentage of stock is needed to have one of her

Question: Beasley Inc. is going to elect Seven board members next month. Betty Brown owns 17.8 percent of the total shares outstanding.

What percentage of stock is needed to have one of her friends elected under the cumulative voting rule?

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?

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