There are three open positions on the board of directors of XYZ Enterprises.The company has 264,000 shares of stock outstanding.Each share is entitled to one vote.How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting?
A) 82,001 shares
B) 75,001 shares
C) 88,001 shares
D) 72,000 shares
E) 66,001 shares
Correct Answer:
Verified
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