The Ward Co. has 800,000 shares of stock outstanding with a market price of $22.85 a share. You currently own 50,000 shares. The company has three open positions on their board of directors and uses cumulative voting. You want to be elected to the board and assume no one else will vote for you. How much must you spend to purchase sufficient shares to guarantee your election
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The Ward Co. has 800,000 shares of stock outstanding with a market price of $22.85 a share. You curr...
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