Cost to guarantee yourself one seat on board of directors

Assignment Help Financial Management

Reference no: EM131059640

The shareholders of Bryant Power Corp. need to elect three new directors to the board. There are 14,000,000 shares of common stock outstanding, and the current share price is $10.65. 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.)

Total Cost: $_____

Reference no: EM131059640

Questions Cloud

What is the profit or loss for the seller of call option : A pound call option with a strike price of $1.4 per euro is priced (i.e., the option premium) is at $0.06 per euro. The spot price is $1.35 per pound. a) What is the intrinsic value of the option? b) What is the breakeven spot exchange rate? c) What ..

Describe how the cost information : One of the most difficult parts of ownership and management is making decisions. Much of cost accounting relies on the ability to gather the cost detail in an effort to support these difficult decisions from management.

Question regarding the quantitative problem : Jupiter's moon Io looses about a ton (1000 kg) of sulfur dioxide per second to Jupiter's Magnetosphere. Part 1: At this rate, what fraction of its mass would Io lose in 4.5 billion years? Part 2: Suppose sulfur dioxide currently makes up 1% of Io..

Compressed spring launches : In a physics lab experiment, a compressed spring launches a 20 g metal ball at a 35 ° angle. Compressing the spring 17 cm causes the ball to hit the floor 2.0 m below the point at which it leaves the spring after traveling 5.0 m horizontally.

Cost to guarantee yourself one seat on board of directors : The shareholders of Bryant Power Corp. need to elect three new directors to the board. There are 14,000,000 shares of common stock outstanding, and the current share price is $10.65. If the company uses cumulative voting procedures, how much will it ..

Project net present value if the required rate of return : A project is expected to create operating cash flows of $33,500 a year for three years. The initial cost of the fixed assets is $69,000. These assets will be worthless at the end of the project. An additional $5,000 of net working capital will be req..

Alternative offering prices on the existing price per share : The Newton Company has 120,000 shares of stock that each sell for $65. Suppose the company issues 9,000 shares of new stock at the following prices: $65, $50, and $45. What is the effect of each of the alternative offering prices on the existing pric..

Societal expectations affect corporations and initiatives : How do societal expectations affect corporations and their initiatives? Give an example of a company that had to alter a product or service because of society's concerns about its health, moral, or social impacts.

Use when faced with nonconventional cash flow : Which tool(s) should we use when faced with nonconventional cash flow? Also, NPV is conceptually the best tool for capital budgeting. Why do you think firms continue to practice the others?

User Account

All Pages