Buy to be assured of earning a seat on the board

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Reference no: EM131070464

An election is being held to fill four seats on the board of directors of a firm in which you hold stock. The company has 7,500 shares outstanding. If the election is conducted under cumulative voting and you own 360 shares, how many more shares must you buy to be assured of earning a seat on the board?

Reference no: EM131070464

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