Jack owns shares of stock in Boynton Foods and wants to be elected to the company's board of directors.There are 10,000 shares of stock outstanding and each share is granted one vote for each open position on the board.Presently,the company is voting to elect two new directors.Jack can be assured of his election
A) if straight voting applies and he owns at least 25 percent of the shares,plus one additional share.
B) if straight voting applies and he owns at least one-third of the shares,plus one additional share.
C) if cumulative voting applies and he owns 25 percent of the shares,plus one additional share.
D) only if cumulative voting applies and he owns the majority of the shares.
E) if cumulative voting applies and he owns one-third of the shares,plus one additional share.
Correct Answer:
Verified
Q6: According to finance professionals,which one of these
Q7: Which one of these represents the portion
Q8: Alto stock pays an annual dividend of
Q9: The expected dividend yield is equal to
A)Dividend
Q10: Based on the dividend growth model,an increase
Q13: The total return on a stock is
Q14: The voting procedure where you must control
Q15: Multiple classes of stock are primarily created
Q16: Which of these factors are most associated
Q17: Which one of these formulas is used
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents