Given That There Are 4,000,000 Shares Outstanding in Miller Corp

question 15

Multiple Choice

Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required for a minority group of stockholders to elect two of the nine members on the board of directors? (Assume cumulative voting is required.)

• A)800,001
• B)1,000,001
• C)1,090,910
• D)1,000,000

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New England

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