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Carl Hubbell owns 9,001 shares of the Piston Corp. There are 20 seats on the...

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Finance

Carl Hubbell owns 9,001 shares of the Piston Corp. There are 20 seats on the company board of directors, and the company has a total of 46,000 shares of stock outstanding. The Piston Corp. utilizes cumulative voting. All 20 seats are up for election next week.

a. How many directors can Mr. Hubbell elect to the board? (Do not round intermediate calculations. Round down your answer to the nearest whole number.)

b. Can Mr. Hubell elect himself to the board next week?

yes/no

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