A Class of Fifth Graders Voted on Their Favorite Flavor $( \mathrm { V } )$

question 3

Multiple Choice

A class of fifth graders voted on their favorite flavor of ice cream, vanilla $( \mathrm { V } )$ , chocolate $( \mathrm { C } )$ , or strawberry $( \mathrm { S } )$ . The election results are summarized in the preference table below.
$\begin{array}{l|cccc}\text { Number of votes } & 8 & 12 & 5 & 2 \\\hline \text { First choice } & \mathrm{C} & \mathrm{V} & \mathrm{C} & \mathrm{V} \\\text { Second choice } & \mathrm{V} & \mathrm{C} & \mathrm{S} & \mathrm{S} \\\text { Third choice } & \mathrm{S} & \mathrm{S} & \mathrm{V} & \mathrm{C}\end{array}$

Using the Borda count method of voting, determine the winner.

• A) Vanilla (V)
• B) Strawberry (S)
• C) Chocolate (C)

---

Definitions:

Dividends in Arrears

Dividends in arrears are dividends that a corporation has not yet paid out to its shareholders for preferred stock, accumulative from prior periods.

Repurchase

The act of buying back previously sold stock or bonds from the market or shareholders by the issuing company, often to reduce the amount of outstanding shares and increase the value of remaining shares.

Book Value

Book value is the net value of a company's assets found on its balance sheet, calculated as the total assets minus intangible assets and liabilities.

Par Value

The nominal face value of a security as stated by the issuer, often used in reference to bonds or shares.