Solved

Marcy Owns 100 Shares of Dee's Inc

Question 232

Multiple Choice

Marcy owns 100 shares of Dee's Inc. while Teri owns 300 shares and Lucie owns 500 shares. There are 900 shares outstanding. There are currently three seats open on the board of directors. With straight voting, how many additional shares will Marcy have to buy from Terri or Lucie to guarantee that she will be elected to the board?


A) 0
B) 1
C) 151
D) 201
E) 351

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents