About the shares outstanding

Assignment Help Financial Management

Reference no: EM13927963

The shareholders of the Pickwick Paper Company need to elect eight directors. There are 200,000 shares outstanding.

a. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majority voting?

Number of shares

b. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has cumulative voting? (Round your answer to the nearest whole number.)

Number of shares

Reference no: EM13927963

Questions Cloud

Compute the issue price of the bonds : Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semi annually. At the time of issue, the market rate for such bonds is 10%. Compute the issue price of the bonds.

What was its market debt-to-value ratio : In 2013 Caterpillar Inc. had about 654 million shares outstanding. Their book value was $33 per share, and the market price was $86.50 per share. The company’s balance sheet shows that the company had $19.7 billion of long-term debt, which was curren..

What amount will clancey receive when it issues the bonds : Clancey Inc. issues $2,155,700 of 7% bonds due in 13 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. What amount will Clancey receive when it issues the bonds?

Does put-call parity mean the put and the call option : Does put-call parity mean the put and the call option (of the same stock, with same expiration, with same strike price) have the same value/price? A European call option and a European put option on a stock both have the same strike price of $45 and ..

About the shares outstanding : The shareholders of the Pickwick Paper Company need to elect eight directors. There are 200,000 shares outstanding. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majority vo..

Suppose that health care organization had revenues : Suppose that a health care organization had revenues of $300,000 for March and that the payer mix is as follows: PAYER PERCENT OF PATIENTS PAYMENT LAG Medicare 40 3 months Medicaid 20 3 months Blue Cross 15 2 months Other insurer 15 1 month Self-pay ..

Calculate the cost of equity using the DCF method : Epley Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4 percent. The expected return on the market is 13 percent, and Treasury bills are yielding 5.1 percent. The most recent st..

Capital gains are treated as income and get taxed : In U.S., capital gains are treated as income and get taxed. For securities, long-term gains have higher tax rate than short-term gains. When one invests in futures market, the gains/losses are realized every day, which is called daily settlement. The..

The separation of ownership and control describes : The separation of ownership and control describes _________

User Account

All Pages