Denver Machinery has 234,000 shares of stock outstanding and each share receives one vote for each open seat on the board of directors.There are three open seats at this time.How many shares must you own if the firm uses cumulative voting to guarantee your personal election to the board?
A) 117,001 shares
B) 78,001 shares
C) 90,001 shares
D) 58,501 shares
E) 29,251 shares
Correct Answer:
Verified
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