The shareholders of the Stackhouse Company need to elect seven new directors. There are 960,000 shares outstanding curre

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answerhappygod
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The shareholders of the Stackhouse Company need to elect seven new directors. There are 960,000 shares outstanding curre

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The shareholders of the Stackhouse Company need to electseven new directors. There are 960,000 shares outstanding currentlytrading at $48 per share. You would like to serve on the board ofdirectors; unfortunately no one else will be voting for you. Howmuch will it cost you to be certain that you can be elected if thecompany uses straight voting? How much will it cost you if thecompany uses cumulative voting?
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