Shares of stock outstanding with a current market value

Assignment Help Financial Management

Reference no: EM13809644

Frozen Yogurt Palace has 370,000 shares of stock outstanding with a current market value of $37.00 a share. You own 48,000 of those shares. Next month the election will be held to select four new members to the board of directors. The firm uses a cumulative voting system. How much additional money do you need to spend to guarantee that you will be elected to the board assuming that everyone else votes for one of the other candidates?

Reference no: EM13809644

Questions Cloud

Identify common political factors for an mnc : Identify common political factors for an MNC to consider when assessing country risk. Briefly elaborate on how each factor can affect the risk to the MNC.

Construct a frequency distribution : Review the individual participants responses and provide a cumulative tally of their answers in the summary table - Construct a frequency distribution

Net present value-pretax cost of debt-cost of equity : Granite Graphics has a pretax cost of debt of 7.68 percent and a cost of equity of 15.2 percent. The firm uses the subjective approach to determine project discount rates. The project has an initial cost of $4.3 million and produces cash inflows of $..

Discuss: inheritance loops and conditional statements : "The process of identifying the classes or functions for replacement" - I you can also define things that are used in the program. ie, define and discuss: inheritance, loops, conditional statements, variables, methods, objects, IDEs, and so on.

Shares of stock outstanding with a current market value : Frozen Yogurt Palace has 370,000 shares of stock outstanding with a current market value of $37.00 a share. You own 48,000 of those shares. Next month the election will be held to select four new members to the board of directors.

Military sexual harassment : Military Sexual Harassment

Should the investment be undertaken : The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three years. The firm will also be required to spend $10,000 to close down the project at the end of the three years. If the cos..

Semi annual coupon bond and a zero coupon bond : Suppose your company needs to raise $15 million and you want to issue 21-year bonds for this purpose. Assume the required return on your bond issue will be 4 percent, and you're evaluating two issue alternatives: a 4 percent semi annual coupon bond a..

Cost of retained earnings-cost of new outside equity capital : Discuss the following statement: “The cost of retained earnings is less than the cost of new outside equity capital. Consequently, it is totally irrational for a firm to sell a new issue of stock and to pay dividends during the same year.”

User Account

All Pages