You will be elected if the firm uses straight voting

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Reference no: EM131878583

The shareholders of BlackShark Credit Union need to select eleven new directors. There are 1,150,000 shares outstanding, currently trading at $31 per share. You would like to serve on the board of directors; unfortunately no one else will be voting for you. How much will it cost you to be certain that you will be elected if the firm uses straight voting? How much will it cost you if the company uses cumulative voting?

Reference no: EM131878583

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