Question

There are six open seats on a company's board. The total number of shares outstanding is 2,670,500 and cumulative voting will be used to fill the seats. Find the minimum number of shares an investor should own to guarantee that he will get 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 E AutoSum - Cut A A EWrap Text Calibri 11 General E Copy Fill Insert Delete Format Paste B I U +.0 .00 Conditional Format Cell Sort & Find & % a Merge & Center .00 0 Format Painter Clear Filter Select Formatting as Table Styles Clipboard Number Cells Editing Font Alignment Styles fox BY386 Formula Bar CC BY BZ CA CB CD CE CE 372 373 374 375 376 377 UNDER CUMULATIVE VOTING NO OF SHARES NEEDED (%) = 1/(1 NO OF DIRECTORS TO BE APPOINTED) 378 379 NO OF SHARES NEEDED (%) = 1/(1 6) 1/7 = 14.2857% 380 381 TOTAL NO OF SHARES 2670500 382 381500 14.2857 % SHARES REQUIRED 2670500 X 14.2857% = 383 381501 SHARES 384 ANSWER SO YOU NEED TO HAVE = 381500+1 385 386 387 388 389 390 LEASING PV, FV, ANNUITY UTILITY, SHARPE, beta DIR right clean YIELD bond portfolio RESI e CONVEXITY DGM beta КE САРМ port future INDEX KE CAPM INTL CAP BUD cap stru WACC Rea erences 130% WA X 10:51 1ENG 25-10-2019