Raul Wants to Join the Directors of World Trade but Currently

question 98

Multiple Choice

Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help elect him. Assume there are 46,000 shares outstanding at a market price of $12.80 a share. What is the minimum amount Raul must spend to acquire a seat on the board of directors if there are three open seats and straight voting applies?

• A) $147,212.80
• B) $196,266.67
• C) $294,412.80
• D) $147,200.00
• E) $294,400.00

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Definitions:

Intoxication

The condition of having physical or mental control impaired by the consumption of alcohol or drugs.

Substance

Naturally occurring or synthetically produced product that alters perceptions, thoughts, emotions, and behaviors when ingested, smoked, or injected.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to addiction or dependence.

Harmful Consequences

Negative outcomes or damages resulting from an action, decision, or event.