Hi
In cumulative voting, total number of votes available = number of seats*total number of shares
= 6*62 = $372 million
Minimum number of votes needs = total votes available/ number of candidates +1
= 372/8 +1 = 46,500,001 votes
in Straight voting minimum number of votes needed = total number of shares/2 +1
= 62000000/2 +1
= 31,000,001 votes
Thanks
#3. Suppose a firm has 62 million shares of common stock outstanding and eight candidates are...
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