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For a Person Who Owns 60% of the Voting Stock

question 101

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For a person who owns 60% of the voting stock in a majority voting system, the percentage of the Board of Directors he can elect is


Definitions:

Strike Price

The fixed price at which an options contract may be purchased or sold upon its exercise.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Value

The amount of money an investment is expected to grow to over a period of time, assuming a particular interest or growth rate.

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