Busi 530 Corporate Finance Exam 3

| March 14, 2016

The shareholders of the Pickwick Paper Company need to elect four directors. There are 400,000 shares outstanding.

a.

How many shares do you need to own to ensure that you can elect at least one director if the company has majority voting?

Majority voting

b.

How many shares do you need to own to ensure that you can elect at least one director if the company has cumulative voting?

Cumulative voting

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