Your fiRm Is Converting from Cumulative Voting to Straight Voting

Your firm is converting from cumulative voting to straight voting. You currently own the minimum number of shares needed to assure yourself a seat on the board in any election under cumulative
Voting. How many more shares must you purchase in order to assure yourself a seat under straight
Voting? Assume there are a total of 500,000 shares outstanding and that three directors go up for
Election at a time.

A) 0
B) 25,000
C) 125,000
D) 250,000
E) 250,001