Question

You want a seat on the board of directors of Four Keys, Inc. The company has 310,000 shares of stock outstanding and the stock sells for $49 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?

Answer 1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

ke - Microsoft Excel (Product Activation Failed) Review File Home Insert Page Layout Formulas Data View Add-Ins Σ AutoSum - Cut A A Wrap Text Calibri 11 General E Copy Fill Insert Delete Format Sort & Find & Filter Select Paste A +.0 .00 .00 .0 Conditional Format Cell BIU % aMerge & Center Format Painter Clear Formatting as Table Styles Clipboard Font Alignment Number Styles Cells Editing fox BY403 Formula Bar CE CA BW ВХ BY BZ СВ CC CD 387 388 389 390 391 392 UNDER CUMULATIVE VOTING NO OF SHARES NEEDED (%) 1/(1 NO OF DIRECTORS TO BE APPOINTED) 393 NO OF SHARES NEEDED (%) = 1/(15) 1/6= 394 16.6667% 395 396 TOTAL NO OF SHARES 310000 397 16.66667% SHARES REQUIRED = 51667 398 ANSWER SO YOU NEED TO HAVE = 51667 +1 = 399 51668 SHARES 400 401 402 403 404 405 UTILITY, SHARPE, beta LEASING PV, FV, ANNUITY DIR right clean R I КE САРМ cONvexity DGM beta port future INDEX YIELD bond portfolio INTL CAP BUD SANDRINE WACC II Rea erences 130 WA 05:32 ENG 29-11-2019