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You want a seat on the board of directors of Four Keys, Inc. The company...

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Finance

You want a seat on the board of directors of Four Keys, Inc. The company has 260,000 shares of stock outstanding and the stock sells for $79 per share. There are currently 4 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?

  • 91,001 shares

  • 130,001 shares

  • 46,801 shares

  • 52,001 shares

  • 65,000 shares

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