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Jensen Shipping has four open seats on its board of directors. How many shares will a shareholder need to control to ensure that his or her candidate is elected to the board given the fact that the firm uses straight voting? Assume one share equals one vote.
Return on Equity
A measure of a corporation's profitability, expressed as a percentage of the total amount of equity.
Year 2
Referring to the second year in a given context, often referring to financial or operational timelines.
Return on Total Assets
A financial metric indicating how profitable a company is relative to its total assets, measuring the efficiency in using assets to generate earnings.
Net Profit Margin Percentage
A financial ratio that shows what percentage of sales has turned into profits, indicating overall profitability.
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