Company uses cumulative voting-total cost

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Reference no: EM131563126

The shareholders of the Stackhouse Company need to elect seven new directors. There are 960,000 shares outstanding currently trading at $56 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 can be elected if the company uses straight voting? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Total cost $

How much will it cost you if the company uses cumulative voting? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Total cost $

Reference no: EM131563126

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