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Denver Machinery Has 140,800 Shares of Stock Outstanding,and Each Share

Question 85

Multiple Choice

Denver Machinery has 140,800 shares of stock outstanding,and each share receives one vote for each open seat on the board of directors.There are five open seats at this time.How many shares must you control to guarantee your personal election to the board if the firm uses cumulative voting?


A) 17,001 shares
B) 28,001 shares
C) 28,160 shares
D) 23,468 shares
E) 19,251 shares

Correct Answer:

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