Solution-Yourself one seat on the board of directors

Yourself one seat on the board of directors

Reference no: EM131317439

The shareholders of Motive Power Corp. need to elect four new directors to the board. There are 14,900,000 shares of common stock outstanding, and the current share price is $11.10. 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 amount. (e.g., 32))

Reference no: EM131317439

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Yourself one seat on the board of directors : 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 amount. (e.g., 32))

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Yourself one seat on the board of directors

Reference no: EM131317439

Reference no: EM131317439

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