After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board o

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answerhappygod
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After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board o

Post by answerhappygod »

After successfully completing your corporate finance class, you
feel the next challenge ahead is to serve on the board of directors
of Cornwall Enterprises. Unfortunately, you will be the only
person voting for you. If the company has 720,000 shares
outstanding, and the stock currently sells for $48, how much will
it cost you to buy a seat if the company uses straight
voting? (Do not round intermediate calculations. Enter
your answer in dollars, not millions of dollars, e.g.,
1,234,567.)
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