The shareholders of the Pickwick Paper Company need to elect six directors
Question
The shareholders of the Pickwick Paper Company need to elect six directors. There are 150,000 shares
outstanding.
| a. | What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majority voting? |
| Number of shares |
| b. | What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has cumulative voting? (Round your answer to the nearest whole number.) |
| Number of shares |
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