The Chip Dip Co.has 15,500 shares of stock outstanding,grants one vote per share,and uses straight voting.How many shares must you control to guarantee that you will be elected to the firm's board of directors if there are three open seats?
A) 5,167 shares
B) 5,134 shares
C) 3,876 shares
D) 7,751 shares
E) 7,134 shares
Correct Answer:
Verified
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