Poplar Trees Inc.has 65,000 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 own if the firm uses straight voting to guarantee your personal election to the board?
A) 32,501 shares
B) 13,001 shares
C) 10,835 shares
D) 16,251 shares
E) 33,151 shares
Correct Answer:
Verified
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