Company uses cumulative voting procedures

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Reference no: EM132042159

The shareholders of Bryant Power Corp. need to elect four new directors to the board. There are 13,700,000 shares of common stock outstanding, and the current share price is $10.50. If the company uses cumulative voting procedures, how much will it cost to guarantee yourself one seat on the board of directors? (Do not round intermediate calculations and round your answer to the nearest whole dollar, e.g., 32.)

Reference no: EM132042159

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