Suppose a firm has 15.8 million shares of common stock outstanding and eight can

Question

Suppose a firm has 15.8 million shares of common stock outstanding and eight candidates are up for election to four seats on the board of directors.

If the firm uses cumulative voting to elect its board, what is the minimum number of shares needed to ensure election to the board?

If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board?

If the firm uses cumulative voting to elect its board, what is the minimum number of shares needed to ensure election to the board?

Explanation / Answer

for a and b both answer is 7.92 million

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