What is the minimum percentage of the outstanding shares

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Problem 1: The Blue Marlin is owned by a group of five shareholders who all vote independently and who all want personal control over the firm. What is the minimum percentage of the outstanding shares one of these shareholders must own if he or she is to gain personal control over this firm given that the firms uses straight voting?

a. 17 percent

b. 20 percent plus one vote

c. 25 percent plus one vote

d. 50 percent plus one vote

e. 51 percent

Reference no: EM132819748

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