How many shares of stock does this small group control

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The Pilson Company has an election coming. The company will be electing 5 persons to its board of directors. Pilson uses cumulative voting. There are 100,000 voting shares outstanding. A small group of shareholders has gotten together and discovered that they have enough shares to elect 3 persons to the board of directors. How many shares of stock does this small group control? Show work.

Reference no: EM13919574

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