The shareholders of the spartan corp are electing six, Financial Management

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The shareholders of the spartan corp are electing six

The shareholders of the Spartan Corp. are electing six individuals to serve as directors on their board. There are 3 million shares outstanding. How many shares would you need to hold to be certain that you can elect at least one director assuming that?

(a) Spartan has straight voting

(b) Spartan has cumulative voting

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Financial Management: The shareholders of the spartan corp are electing six

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