If three seats on the board of directors are up for election, cumulative voting on common stock allow stockholders to:
A) cast one vote per share owned for three different candidates.
B) cast up to three votes per share owned for any one candidate.
C) save votes from a prior board of directors' election and cast them in the current election.
D) cumulative voting only applies to preferred stock.
E) None of the above are true
Correct Answer:
Verified
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